Treasury Secretary Scott Bessent said Thursday he wouldn’t be commenting on the Federal Reserve’s interest rate policies and expressed confidence in Fed Chair Jerome Powell, breaking from ...

Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got ...

Before the election, Bessent floated the idea of a "shadow Fed chair" where Trump would select a replacement for Fed Chairman Jerome Powell this year. Powell's term doesn't end until May 2026.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from ...

Scott Bessent's nomination hearing gave markets ... Bessent also did not speak about the potential for a "shadow Fed Chair," something he spoke about last year. "Trump would make his views on ...

Scott Bessent, founder and chief executive officer ... seen the top five banks become too big a share of banking assets," Bessent said. "We have seen, because of undue regulation, the shadow banking ...

Trump Treasury secretary pick Scott Bessent told Senate lawmakers ... interview that Trump could appoint a "shadow chair" to undermine the influence of Fed Chair Jerome Powell.

Scott Bessent, who was confirmed as Treasury Secretary last week, has been named acting director of the Consumer Financial ...

President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday that the dollar ... bank's interest rate decisions and his own comments about a "shadow" Fed chair. But he ...

WASHINGTON: President-elect Donald Trump's pick for Treasury secretary, Scott Bessent ... rate decisions and his own comments about a "shadow" Fed chair. But he came down firmly on the side ...