12 hours ago · 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. Bessent, in two interviews this ...

14 hours ago · Treasury Secretary Scott Bessent said Thursday he wouldn’t be commenting on the Federal Reserve’s interest rate policies and expressed confidence in the central bank Chair Jerome Powell ...

1 day ago · 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 ...

1 day ago · (CNN) — 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. Bessent, in two interviews this week, said the Trump administration wants to focus on lowering long-term interest rates, which are largely influenced by the yield on the 10 ...

1 day ago · Treasury Secretary Scott Bessent said the Trump administration’s focus with regard to bringing down borrowing costs is 10-year Treasury yields, rather than the Federal Reserve’s benchmark ...

17 hours ago · Why it matters: The new administration seeks to bring long-term interest rates lower, Treasury Secretary Scott Bessent said Wednesday — and Fed rate cuts aren't necessarily the way to achieve that. The Fed controls short-term interest rates, but longer-term rates — which determine the federal government's borrowing costs, as well as home ...

3 days ago · Scott Bessent, who was confirmed as Treasury secretary last week, ... The CFPB is an independent bureau within the Federal Reserve System. It's funded outside of the congressional appropriations ...

Jan 16, 2025 · Treasury secretary nominee Scott Bessent told Senate lawmakers Thursday that the Federal Reserve should remain independent, but that Donald Trump 'is going to make his views known' as...

4 days ago · DOGE: Unions representing federal workers sued the Treasury Department and its head, Scott Bessent, in an effort to block Musk and his team from accessing the federal payment system.

14 hours ago · US Treasury Secretary Scott Bessent says Elon Musk and his government efficiency team are not "tinkering" with any federal payment data. He says the group does important work. Bessent also talks ...