Tag Archives: Bessent

By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said he expects a big jump in revenues from sweeping tariffs imposed by President Donald Trump, and said the money would be used first to start paying down the federal debt, not to give rebate checks to Americans. Bessent, speaking in an interview on CNBC’s “Squawk Box,” said he expected …

US Treasury Secretary Bessent says government won’t buy bitcoin for strategic reserve but will retain seized assets as crypto markets see red  The Block Bitcoin sinks following hotter-than-expected inflation print, Bessent comments on strategic reserve  Yahoo Finance Treasury secretary clarifies Trump administration’s crypto plans  Axios Bitcoin News (BTC): Strategic Reserve Purchases May Still Be in Play  CoinDesk Bitcoin Drops to $117K After US Treasury …

Bessent Calls for Big Rate Cuts. Futures Markets Aren’t Buying It.  Barron’s Fed Faces High Bar for Big Cuts Despite White House Pressure  The New York Times Bessent Says He’s Not Pushing Fed Cuts, Just Highlighting Models  Bloomberg.com Is the Fed ready to cut interest rates? Experts weigh in  ABC News Fed cut seen near certain after inflation data, Bessent comments  Reuters Source link

President Donald Trump surprised markets on Monday with a deal that was widely characterized as unusual: Nvidia and AMD will contribute 15% of their chip sales in China to the U.S. government. Treasury Secretary Scott Bessent has leaned into this new export revenue-sharing deal, saying it could serve as a blueprint for other industries. In a TV interview with Bloomberg …

Investors are pricing in a more than 96% chance of the Fed cutting the base rate in September, following a cooler than expected inflation report for July, released yesterday. But this isn’t the only pressure Jerome Powell and the Federal Open Market Committee (FOMC) are under: Analysts and politicians are also getting their orders in for how much of a …

Bessent says he’ll push to end congressional stock trading  Politico Bessent rips Pelosi, calls for single-stock trading ban in Congress  The Hill Plenty of Room for Lawmakers to Profit Under Proposed Stock Ban  The American Prospect Columnist Olin Rose-Bardawil: Are members of Congress public servants?  Daily Hampshire Gazette Editorial: Ban stock trading by members of Congress  Orlando Sentinel Source link

Fed cut seen near certain after inflation data, Bessent comments  Reuters Bessent Urges Fed to Lower Rates by 150 Basis Points or More  Bloomberg US treasury secretary Scott Bessent calls for half-point interest rate cut at next Fed meeting – as it happened  The Guardian BlackRock’s Rick Rieder says CPI gives Fed justification for a half-point cut in September  CNBC Markets have convinced themselves …

Bessent calls for series of rate cuts US Treasury Secretary Scott Bessent has reiterated his call for a half-point interest rate reduction at the Federal Reserve’s next meeting in September, and called for a series of rate cuts. His comments come after data showed inflation held steady at 2.7% in July. He said the central bank’s benchmark ought to be …

Bessent Says Fed Rates Should Likely Be 150, 175 Basis Points Lower  Bloomberg.com US treasury secretary Scott Bessent calls for half-point interest rate cut at next Fed meeting – business live  The Guardian BlackRock’s Rick Rieder says CPI gives Fed justification for a half-point cut in September  CNBC Markets have convinced themselves they’ll get a September interest rate cut—now they’re eyeing a double …

Bessent Hints Fed Should Be Open to a Half-Point Rate Cut  Bloomberg.com Trump says the Fed should cut interest rates. Bessent says this is by how much.  MarketWatch Crypto Price News: ETH, ADA, XRP Surge in U.S. Tuesday Trade  CoinDesk Scaramucci: 50-basis-point cut from Fed possible next month  The Hill Bessent says the Federal Reserve should think about a 0.5% interest rate cut in …