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 ...

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 ...

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'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 ...

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 ...

Ongoing uncertainty around tariffs was one of many issues before Treasury secretary pick Scott Bessent as ... could appoint a "shadow chair" to undermine the influence of Fed Chair Jerome Powell.

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 ...

WASHINGTON - President-elect Donald Trump’s pick for Treasury secretary, Mr Scott Bessent ... decisions and his own comments about a “shadow” Fed chair. But he came down firmly on the ...