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Scott Bessent, Federal Reserve

Fed cut seen near certain after inflation data, Bessent comments

The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed U.S. inflation increased at a moderate pace in July and Treasury Secretary Scott Bessent said he thought an aggressive half-point cut was possible given recent weak employment numbers.

The Hill on MSN · 1h

Bessent calls for steep interest rate cuts

Treasury Secretary Scott Bessent said Wednesday that short term interest rates should be 1.5 to 1.75 percentage points lower than their current level, keeping up the administration’s pressure

Seeking Alpha on MSN · 5h

Bessent suggests that Fed should be open to half-point cut (updated)

U.S. Treasury Scott Bessent believes a bigger rate cut is warranted than the Fed's standard 25-basis-point increment, due to the Bureau of Labor Statistics' big revision to its May and June jobs numbers earlier this month.

1hon MSN

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.

7hon MSN

Inside Scoop: Scott Bessent, Gaza aid, late-night TV once Trump is gone

Jim Antle, the magazine’s executive editor, brings to life the pages of the Washington Examiner magazine in the show Inside ...

Decrypt11h

What Treasury Secretary Bessent’s Call for a 50bps Cut in September Could Mean for Crypto

Bessent’s call for a half-point September rate cut follows soft jobs data and a mild inflation uptick, with crypto poised to ...

Bessent's calls for Fed rate cuts lure buyers to bond market, send yields lower

U.S. government debt was rallying on Wednesday, pushing yields lower across the board, as traders assessed Treasury Secretary ...

23hon MSN

Scott Bessent addresses explosive ‘WWE’ clash with Elon Musk in West Wing - and if he gave him a black eye

MAGA ally Stephen Bannon even told The Washington Post the pair exchanged blows. Musk rammed his shoulder into Bessent’s ...

The Financial Express5h

US Treasury Secretary Scott Bessent says interest rates are ‘too constrictive,’ should be lowered by 150-175 bps

There’s a very good chance of a 50 basis point rate cut,” Bessent said Wednesday. “We could go into a series of rate cuts ...

Xi Jinping Is 'Difficult To Deal' With, Says Scott Bessent, Calls China Most 'Imbalanced Economy' In Modern History (CORRECTED)

Scott Bessent, the U.S. Treasury Secretary, shared his thoughts on China's economy and the challenges it poses to the U.S.

U.S. Could Do More Nvidia-Style Deals Taking a Cut of Revenue, Bessent Says

Treasury Secretary Scott Bessent said Nvidia’s agreement to share 15% of revenue from sales of artificial-intelligence chips to China with the U.S. government could be a template for other industries.