United States Treasury Secretary Scott Bessent has called for a “series of rate cuts” as he thinks the current interest rates are “too constrictive” and should be lowered by 150-175 basis points.

In an interview with Bloomberg, Bessent said the interest rates are “too constrictive,” reiterating President Donald Trump’s ...

There’s a very good chance of a 50 basis point rate cut,” Bessent said Wednesday. “We could go into a series of rate cuts ...

U.S. Treasury Scott Bessent believes a bigger rate cut is warranted than the Fed's standard 25-basis-point increment, due to ...

If BTC closes above the $120,000 psychological level on a daily basis, it could extend the rally toward its record high of ...

A key official in the Trump administration's economic team touted the July CPI inflation report as evidence that ...

Treasury Secretary Scott Bessent is pushing for 50bps to offset missed opportunities earlier this summer, but some analysts ...

Federal Reserve should be open to a larger interest rate cut of 50 basis points (bps) next month. “The real thing now to ...

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

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

Scott Bessent says the US will need to see progress on fentanyl flows before it considers reducing tariffs on China.

Powell’s term as chairman of the US central bank expires in May 2026, and the Trump administration – already interviewing potential replacements – is casting a “very wide net” in the search for his ...