Trump’s Treasury Pick Wants Shadow Fed Chair, Maybe Weak Dollar
Bessent doesn’t seem to disagree with Trump, and even criticized the Fed himself in September after its jumbo rate cut. “If you were concerned about the integrity of the institution, you would not have done it. You especially would have not done a ...
Trump Prepares to Name Bessent as Treasury Secretary, Bloomberg Reports
U.S. President-elect Donald Trump is preparing to name Scott Bessent, a longtime hedge fund investor who taught at Yale University for several years, to be his treasury secretary, Bloomberg reported on Friday,
Trump considers Warsh for Treasury Secretary and later Fed chairman, WSJ reports
U.S. President-elect Donald Trump floated the idea of appointing Kevin Warsh as Treasury Secretary on the understanding that he could later be Federal Reserve chair, the Wall Street Journal reported on Thursday,
Trump chooses Bessent for treasury secretary, Vought for budget director
President-elect Donald Trump on Friday announced hedge fund manager Scott Bessent as his choice for treasury secretary and first-term official Russell Vought to head the Office of Management and Budget.
Trump chooses Bessent to be Treasury secretary and Vought as top budget official
President-elect Donald Trump announced Friday that he'll nominate former George Soros money manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary. Trump also said he would nominate Russel Vought to lead the Office of Management and Budget,
Trump nominates Bessent to lead US Treasury in flurry of announcements
On the campaign trail, he told voters that Trump would usher in a "new golden age with de-regulation, low-cost energy, [and] low taxes". If Bessent is confirmed by the Senate, he would almost immediately be plunged into the fight in Washington over extending the tax cuts from Trump's first term.
Fed survey finds inflation fading as a risk next to debt, trade wars
President-elect Donald Trump may have campaigned hard against high inflation, but by the time of his Nov. 5 election victory ...
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US Debt Load Tops Fed’s Survey of Financial Stability Risks
“Concerns surrounding US fiscal debt sustainability were atop the list this survey, followed by escalating tensions in the ...
'They are fed up': Dem mayor's office demands solution on key issue after voters sent 'resounding message'
In response to the Biden administration loosening key immigration restrictions, New York City Mayor Eric Adams sounded off on ...
Fed announces policy framework review, sets conference for May 15-16
The U.S. Federal Reserve on Friday announced plans for a May 15-16 conference and public "Fed Listens" events around the ...
Fed Announces Details and Focus of Upcoming Framework Review
The Federal Reserve announced more details about its upcoming framework review Friday, including a specific focus on the ...
The Fed Is Planning to Review Its Approach Next Year
Depending on whom you ask, the Federal Reserve has done an admirable job of wrestling inflation back under control, or ...
Markets think the odds of a Fed pause in December are rising
Traders see 45% odds of a Fed pause in December, up from 17% last week as markets digest a win for Trump and cautious remarks ...
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Fed's Bowman: Regulators 'must have an openness' to AI
While the risks, benefits and magnitude of artificial intelligence's impact on financial services remain unclear, agencies ...
Fed's Collins Sees More Rate Cuts Ahead for US Central Bank
FILE PHOTO: Federal Reserve Bank of Boston President Susan Collins stands behind the Jackson Lake Lodge in Jackson Hole, ...
Here’s What CD Rates Looked Like the Last Time the Fed Funds Rate Was at This Level
CD rates typically follow the direction of the federal funds rate. Though unlike the last time the fed funds rate was 4.50%-4 ...
Fed’s Cook Paints December Interest Rate Cut as Uncertain
Federal Reserve Governor Lisa Cook said the timing of further interest-rate cuts will depend on coming data, leaving the ...
Inflation Won’t Hit the Fed’s Target in 2025. Interest Rates Will Drop Anyway.
Inflation—the Fed’s primary bugbear for most of the past four years—has come a long way. The year-over-year increase in the ...