News

Bessent: The Trump administration should look into the Fed’s ‘many mistakes’

Treasury Secretary Scott Bessent said Monday he believes the Federal Reserve system should be reviewed for potentially ...

Bessent Heads to Stockholm for China Trade Talks

Treasury Secretary Scott Bessent is leading a trade delegation to Stockholm on Monday, where they are scheduled to meet with their counterparts from China. The officials are expected to extend a ...

Bessent, Lutnick Hail Japan Finance Pledge as EU Talks Loom

Two of President Donald Trump’s top trade negotiators hailed their approach toward addressing trade grievances with Japan as ...

Bessent says Fed forecasts 'politically biased'

U.S. Treasury Secretary Scott Bessent on Wednesday suggested without evidence that the Federal Reserve's widely followed ...

Bessent says Powell doesn't need to resign but should conduct internal review

There have been no indications from Powell that he plans to step down despite a barrage of criticism from the Trump ...

Scott Bessent Warns TSMC's $40 Billion Arizona Fab May Only Meet 7% Of US Chip Demand — Blames Building Inspectors, Red Tape For Delays

Treasury Secretary Scott Bessent warned that Taiwan Semiconductor Manufacturing Co.'s massive Arizona fabrication facility ...

FACTBOX The five female Fed presidents who may have been on Bessent's mind

One of the Federal Reserve's five female regional bank presidents could replace U.S. central bank chief Jerome Powell, ...

Powell to leave Fed chair in May, nominee announcement expected in December or January: Secretary Bessent

U.S. Treasury Secretary Scott Bessent breaks down President Donald Trump’s trade deals, Federal Reserve chair Jerome Powell ...

‘Trade’s in a Very Good Place With China,’ Says Treasury Secretary Bessent

Treasury Secretary Scott Bessent said he would soon meet top Chinese officials to extend the two countries' trade truce.

Treasury Secretary Bessent details Trump administration's plan to tackle China's economic imbalances

China trade has reached a "good place" with reduced tariffs, but said China's 30% share of global manufacturing is ...