Treasury Secretary Scott Bessent said that President Trump's tariffs aren't going to cause persistent inflation, but may lead to a one-time price adjustment.
As proof, Bessent claimed the bulk of the job growth over the past 12 months took place within government and in sectors like health care and education, where, according to Bessen
U.S. Treasury Secretary Scott Bessent on Thursday said he plans to use the Financial Stability Oversight Council to drive change in financial regulations that are unduly burdensome to banks and characterized by a "broken supervisory culture,
Revenue from new import duties “could be very substantial,” Treasury Secretary Scott Bessent said.
Treasury Secretary Scott Bessent explained how European countries have paid Russia for its oil and gas. Since the beginning of Russia’s war with Ukraine, countries have sanctioned Russia in support of Ukraine,
Treasury Secretary Scott Bessent defended President Trump’s global trade tariffs on Thursday at the Economic Club of New York, explaining that the Trump administration’s “America First