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Bessent says Trump Fed appointments will 'change the narrative' on monetary policy direction

President Trump's looming changes to the Federal Reserve are "going to change the narrative," Treasury Secretary Scott Bessent weighs in on the appointment process.

Bessent urges Fed to lower rates by 150 basis points or more

I think we could go into a series of rate cuts here, starting with a 50 basis-point rate cut in September,” the US Treasury ...

Bessent urges Fed to slash rates next month, with ideal goal ‘150, 175 basis points lower’

Treasury Secretary Scott Bessent on Wednesday urged central bankers to issue a half-point cut at next month’s meeting – breaking from his zipped-lip stance on the Fed’s monetary agenda. Bessent said ...

Who’s next to chair Fed after Powell? From Michelle Bowman to Philip Jefferson, Trump admin eyes potential candidates

The Federal Reserve is considering candidates including Michelle Bowman and Philip Jefferson to succeed Jerome Powell as ...

Inflation likely moved higher last month as tariffs bite, putting the Fed in bind

Inflation likely ticked up in July for the third straight month as tariffs lift the cost of imported goods such as furniture, ...
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US administration considers appointing Powell’s deputy as Fed Chair after end of term

The US administration has expanded its search for a successor to Federal Reserve Chair Jerome Powell to include his two ...

How Jerome Powell Played Biden’s Climate Games While Inflation Ran Rampant

The Federal Reserve failed to prioritize its core mission to combat inflation while embracing the Biden administration’s ...

Jerome Powell hit with a criminal referral over Fed's $2.5B renovation project — what it might mean for your nest egg

Federal Reserve Chair Jerome Powell faces a criminal referral from Republican Congresswoman Anna Paulina Luna — the latest ...