5 days ago · Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve. Bessent, in two interviews this...

As Bessent pointed out in his Fox Business interview, when the Fed cut rates by an unusually large half-point in September, the 10-year yield should theoretically have fallen. However, it ended up ...

5 days ago · The Fed "did a jumbo rate cut and the 10-year went up," Bessent said, a market response that did not cause immediate concern at the central bank but does raise questions about how effectively ...

5 days ago · The Trump administration seeks to bring long-term interest rates lower, Treasury Secretary Scott Bessent said Wednesday — and Fed rate cuts aren't necessarily the way to achieve that.

6 days ago · Treasury Secretary Scott Bessent said the Trump administration’s focus with regard to bringing down borrowing costs is 10-year Treasury yields, rather than the Federal Reserve’s benchmark ...

6 days ago · (CNN) — Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve. Bessent, in two interviews this week, said the Trump administration wants to focus on lowering long-term interest rates, which are largely influenced by the yield on the 10 ...

5 days ago · While in the past President Donald Trump has implored the Fed to cut its benchmark rate, Bessent said Wednesday that the current strategy is using the levers of fiscal policy to keep rates low ...

5 days ago · President Trump isn't focused on getting the Fed to cut interest rates, Treasury Secretary Scott Bessent said. The White House is instead looking at the 10-year Treasury yield, he said.

On January 28, 2025, Scott Bessent was sworn in as the 79th Secretary of the Treasury of the United States.As Secretary, Mr. Bessent is responsible for the U.S. Treasury’s wide-ranging mission to maintain a strong economy, foster economic growth and create job opportunities for all Americans by promoting the conditions that enable prosperity at home and abroad as well as managing the U.S ...

Jan 16, 2025 · 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...