The Federal Reserve last cut its key benchmark interest rate in December, reducing it by 0.25 percentage points to a target ...

Bessent also said the Fed should conduct “an exhaustive internal review of its non-monetary policy operations,” adding that ...

U.S. Treasury Secretary Scott Bessent has urged reform of the outdated financial regulatory system, criticizing excessive ...

The remark came in response to being asked about firing Fed Chair Jerome Powell. Read more at straitstimes.com. Read more at ...

WASHINGTON] US Treasury Secretary Scott Bessent said the Federal Reserve’s vital independence on monetary policy is ...

US Treasury Secretary Scott Bessent has expressed a need to examine the performance of the Federal Reserve, which has maintained a cautious stance on lowering interest rates.

China is a large buyer ‘of sanctioned Iranian oil, sanctioned Russian oil. So we could start discussing that’, said Scott Bessent.

Treasury Secretary Scott Bessent sharply escalated his criticisms of the Federal Reserve on Monday, publicly urging a comprehensive investigation into the central bank’s operations and effectiveness.

The US treasury chief says the Trump administration prioritises the quality of trade agreements over meeting specific timing.