News

Bessent is rumored to head the Fed. Is the central bank's independence threatened?
At the heart of the debate over Bessent's appointment is the thorny question of the central bank's independence. Trump has ...
Bessent Emerging as a Contender to Succeed Fed’s Powell
A growing chorus of advisers inside and outside the Trump administration are pushing another name to serve as the next chair ...
FedScoop1d
Treasury secretary backs tougher IRS leaker penalties amid lingering DOGE data questions
Scott Bessent told lawmakers he has no knowledge of DOGE access to the tax agency’s Integrated Data Retrieval System.
Scott Bessent said to be in the race for next Fed chair. What it means for stock market investors
Scott Bessent, the U.S. Treasury Secretary and a central figure in President Donald Trump’s second-term economic team, is ...
Trump urges ‘numbskull’ Fed chair Powell to lower interest rates — as prez reveals he plans to replace him
President Trump urged “numbskull” Federal Reserve chairman Jerome Powell to lower interest rates Thursday — while confirming ...
Trump eyes Cabinet member to replace 'Mr Too Late' Powell at the Fed: report
Trump is reportedly considering Treasury Secretary Scott Bessent among top contenders to replace Fed Chair Jerome Powell, who he has criticized over interest rates.