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Fed, Treasury and Trump
Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
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.
Trump Treasury secretary Scott Bessent relieves some pressure on the Fed
Treasury Secretary Scott Bessent said Donald Trump is not asking the Federal Reserve to lower its short-term interest rates, but what he and the president do want is to bring down longer-term borrowing costs via 10-year Treasury yields (^TNX).
Trump is focused on lowering bond yields, not fighting the Fed, Treasury chief says
The Trump administration isn't looking to clash with the Federal Reserve over interest rates, Treasury Secretary Scott Bessent told said. Instead, the focus of the White House is on lowering Treasury yields as a way to ease borrowing costs.
13h
The US Treasury Claimed DOGE Technologist Didn’t Have ‘Write Access’ When He Actually Did
Sources tell WIRED that the ability of DOGE’s Marko Elez to alter code controlling trillions in federal spending was ...
3h
Leaving Fed behind, top central banks have room to ease
Central banks around the globe have plenty of room to keep cutting interest rates, and a limited "decoupling" from the U.S.
BizPac Review
1h
Bessent sets record straight, says DOGE members are Treasury employees
U.S. Treasury Secretary Scott Bessent cleared up all the “misinformation” about the access the Department of Government Efficiency (DOGE) “team” has reportedly had in the federal government. […] ...
3d
Trump appoints treasury secretary, a former hedge fund executive, as acting head of consumer protection agency
In what appears to be yet another move to consolidate parts of the federal government, President Donald Trump has appointed ...
3d
on MSN
Treasury Dept. gives Elon Musk's team access to federal payment system: Sources
If Elon Musk or his DOGE team were to attempt to block federal payments, it would likely face legal challenges given the ...
2d
Treasury Defends Musk Team’s Access to Federal Payment System
The department said that no payments would be interrupted and that it was conducting a review of the integrity of the system.
9h
Trump officials made bogus claims about what Musk's DOGE team could do at Treasury, report says
WIRED reporter Vittoria Elliott joins MSNBC’s Ali Velshi to discuss her reporting exposing the young, inexperienced members ...
1d
Trump’s trade war adds to ‘clear decoupling’ on central bank rate cuts
The Bank of England is expected to follow Eurozone and Canadian counterparts by cutting while the Federal Reserve holds ...
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