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Treasury Secretary Scott Bessent says Trump considered re-appointing Janet Yellen as Fed chair

President Trump has a “very open mind” about who should replace Federal Reserve Chairman Jerome Powell and he’s even ...
Decrypt5h

What Treasury Secretary Bessent’s Call for a 50bps Cut in September Could Mean for Crypto

Bessent’s call for a half-point September rate cut follows soft jobs data and a mild inflation uptick, with crypto poised to ...
Crypto Briefing8h

Treasury Secretary Bessent says Fed should consider 50-basis-point rate cut as job market shows signs of weakness

Treasury Secretary Bessent urges a Fed rate cut of 50 basis points in September, citing weak jobs data and stable inflation ...

Bessent hopes Miran in place at Fed by September, leading to rate cut

U.S. Treasury Secretary Scott Bessent on Tuesday said he was hopeful the Senate would confirm Stephen Miran, now chair of the Council of Economic Advisers, to fill a temporary vacancy on the Federal ...

Bessent says market expects Fed to cut rates this year: 'substantial probability'

Treasury Secretary Scott Bessent said financial markets are pricing in a high likelihood of the Federal Reserve cutting ...

Trump Even Considered Re-Appointing Janet Yellen as Fed Chair in Jerome Powell's Place, Treasury Secretary Scott Bessent Says

Yellen, 79, led the Federal as chair from February 2014 to February 2018, serving under former President Barack Obama and ...

A Top Federal Reserve Official Says Dour Jobs Data Backs the Case for 3 Rate Cuts

A top official at the Federal Reserve is saying that this month’s stunning, weaker-than-expected report on the U.S. job ...

Trump confirms Scott Bessent won't replace Powell as Fed chair amid rising tensions with central bank

Treasury Secretary Scott Bessent tells President Donald Trump he wants to stay in his role rather than pursue Fed chair role ...