Trump, Scott Bessent and Jerome Powell
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US Treasury Secretary Scott Bessent weighed in on the latest Fed drama, pointing to the "fear-mongering" around tariffs and the potential for higher inflation.
Treasury Secretary Scott Bessent said Monday he believes the Federal Reserve system should be reviewed for potentially holding back the US economy, which is “on the cusp” of growth that could equal the dot-com boom seen in the 1990s.
The Trump administration appears to be calling for a more expanded review on the Federal Reserve. Treasury Secretary Scott Bessent is now calling for a review of the entire Federal Reserve institution, not just recent building renovations.
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Yonhap News Agency on MSNU.S. more concerned with getting 'high-quality' trade deals than meeting Aug. 1 deadline: BessentU.S. President Donald Trump's administration is more concerned with getting "high-quality" deals with trading partners rather than meeting the Aug. 1 negotiation deadline, the treasury secretary said Monday,
The Treasury secretary and Commerce Sec. Howard Lutnick both seem to view Aug. 1’s steep tariffs as added leverage in talks that will continue past that date.
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Amazon S3 on MSNTrump Says He Doesn't Need Scott Bessent's Advice To Fire Jerome Powell- 'I Know Better Than Anybody What's Good For ThePresident Donald Trump criticized a Wall Street Journal article that reported his Treasury Secretary, Scott Bessent, had advised against firing Jerome Powell, the Federal Reserve Chairman.