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Treasury, Scott Bessent and Fed
Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve.
Trump Treasury secretary Scott Bessent relives some pressure on the Fed
Treasury Secretary Scott Bessent said Donald Trump is not asking the Federal Reserve to lower its short-term interest rates, but what he and the president do want is to bring down longer-term borrowing costs via 10-year Treasury yields.
Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work
The staff at the Consumer Financial Protection Bureau was instructed by email to cease much of its work. Bessent, a wealthy Wall Street investor, replaces Rohit Chopra, who was fired on Saturday.
Scott Bessent, Treasury and Elon Musk
Democrats demand Bessent meeting over DOGE ‘chaos’ at Treasury
Senate Democrats on Wednesday demanded Treasury Secretary Scott Bessent attend a meeting with the Democratic Caucus “as soon as possible” to answer questions about the Department of
US Treasury's payment system 'not being touched' by Musk's DOGE, Bessent says
The U.S. Treasury's payment system won't be touched by Elon Musk's government efficiency team, Treasury Secretary Scott Bessent told Fox Business on Wednesday, adding that any decisions to stop payments would be made by other agencies.
Warren Questions Bessent Over Musk Access to Treasury Payment System
In a letter to the Treasury secretary, the Democratic senator warned against meddling with a system that processes trillions of dollars of transactions.
19h
on MSN
Bessent says Trump is focused on the 10-year Treasury yield and won't push the Fed to cut rates
The Trump administration is more focused on keeping Treasury yields low rather than on what the Fed does, Treasury Secretary ...
Stars and Stripes
1d
Bessent’s Treasury sticks with Yellen-era long-term debt plan
The U.S. Treasury on Wednesday maintained its guidance on keeping sales of longer-term debt unchanged well into 2025, despite ...
3d
Trump Names Scott Bessent, the Treasury Secretary, to Lead the Consumer Bureau
The secretary replaces Rohit Chopra, who had aggressively sought to expand the bureau’s authority over banks and other ...
3d
on MSN
Trump names Treasury Secretary Scott Bessent as acting director of the Consumer Financial Protection Bureau
President Donald Trump has tasked Treasury Secretary Scott Bessent with serving as the acting director of the Consumer ...
14h
US bond market lukewarm on Bessent's 10-year yield pledge
U.S. Treasury Secretary Scott Bessent's pledge to contain yields on 10-year Treasury notes met some skepticism in the bond ...
17h
on MSN
Musk associates sought to use critical Treasury payment system to shut down USAID spending, emails show
Four days after Donald Trump’s inauguration, Elon Musk’s top lieutenants at the Treasury Department asked its acting ...
11h
on MSN
Treasury agrees to interim ban on Elon Musk's DOGE accessing the financial data of millions of Americans
Elon Musk has no access to the Treasury's tax and Social Security data, a government lawyer said. Treasury agreed to keep it ...
CoinDesk
1d
Trump's Aim to Lower The 10-Year Yield Could Bode Well for Bitcoin
The 10-year yield, the so-called risk-free rate, influences most long-term loans in the economy, including mortgages and ...
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