The S&P 500’s record close comes despite the Trump administration’s beef with threats on the Fed and its use of tariffs as a bargaining tool.

US Treasury Secretary Scott Bessent has expressed a need to examine the performance of the Federal Reserve, which has ...

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

Wall Street stocks advanced on Monday, while Treasury yields softened at the top of a busy week of corporate earnings reports ...

U.S. Treasury Secretary Scott Bessent has urged reform of the outdated financial regulatory system, criticizing excessive ...

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 ...

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

An examination of the Fed is necessary to determine why members have proved unable to “break out of a certain mindset,” Bessent said.

U.S. Treasury Secretary Scott Bessent on Monday called for deeper reforms of what he called an antiquated financial ...

White House and administration officials have accused Powell of mismanaging a $2.5 billion renovation project at the Fed, ...