News

Scott Bessent confirms moves to replace Jerome Powell are under way: ‘There’s a formal process that’s already starting’
The Treasury secretary also stated his preference that Powell step down from the Fed entirely when his term ends.
Treasury Secretary Scott Bessent says don't read too much into one month's inflation data
Treasury Secretary Scott Bessent, in an interview on Bloomberg Television, said he hasn't looked at the CPI number that's ...
Opinion
Scott Bessent debt plan has awkward historic echo
The US Treasury secretary expects tariffs and growth to boost government revenue, while banks and monetary innovation keep borrowing costs in check. The scheme evokes the 18th-century Scottish ...
Hassett grabs pole position in race to be Trump’s new Fed chair
Kevin Hassett, one of President Trump’s longest-serving economic aides, is the early front-runner to replace Jerome Powell as ...
Bessent an option to replace Fed chair, ‘but I like the job he’s doing’, says Trump
Mr Trump has repeatedly urged current US Federal Reserve Chairman Jerome Powell to resign. Read more at straitstimes.com.