Treasury nominee calls for stronger Russia sanctions and Fed independence at confirmation panel
U.S. Treasury nominee Scott Bessent on Thursday faced sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut.
Trump Treasury pick Bessent backs Fed independence, dollar, sanctions on Russian oil
President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday that the dollar should remain the world's reserve currency, the Federal Reserve should stay independent, and that he is ready to impose tougher sanctions on Russia's oil sector.
Bessent calls for stronger Russia sanctions at treasury confirmation hearing
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.
Treasury Secretary Pick Scott Bessent Says Trump Could Bring ‘New Economic Golden Age’
Tariffs, tax policy and budget deficits dominated a confirmation hearing for Scott Bessent, the fund manager President-elect Donald Trump picked to run the Treasury Department. Bessent, who has spent his career in the private sector,
Fed should stay independent, Trump's pick for US Treasury Secty says
The Federal Reserve should stay independent, Trump's pick to be U.S. Treasury Secretary told a Senate panel on Thursday.
Why a Dovish Fed Official Could Be Patient on More Cuts
A Federal Reserve official who joins the central bank’s policy committee this year said he has grown less concerned about a ...
Why are interest rates rising when the Fed has been cutting them?
The yield on the 10-year Treasury has recently soared toward its highest level since 2023, injecting nervousness into the U.S ...
Fed's Goolsbee says he feels more comfortable that labor market is stabilizing, WSJ reports
Chicago Federal Reserve Bank President Austan Goolsbee said he feels more comfortable that the labor market is stabilizing, ...
The Fed Could Give the Stock Market Exactly What It Wants
The Federal Reserve may just give investors what they want this year after all. The December inflation report, released ...
CPI edged higher in December, complicating the Fed's upcoming decision on rate cuts
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Latest CPI Inflation Report Makes January Fed Rate Cut Very Unlikely
Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is ...
Inflation rose to 5-month high in December. What that means for Fed rate cuts.
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But ...
Inflation Sped Up in December, a Fresh Challenge for the Fed
The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.
Fed may cut rates sooner and faster than expected if disinflation holds up, Waller says
Inflation is likely to continue to ease and possibly allow the U.S. central bank to cut interest rates sooner and faster than ...