Scott Bessent used a Senate appearance to defend President Donald Trump's campaign to slash interest and raise tariffs.
Scott Bessent used a Senate appearance to defend President Donald Trump’s campaign to slash interest and raise tariffs.
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Treasury Secretary Scott Bessent has faced questions from the United States Senate about President Donald Trump’s ongoing campaign to slash interest rates, despite concerns that such a move could turbo-charge inflation.
Bessent appeared on Thursday before the Senate’s Financial Stability Oversight Council.
Treasury Secretary Scott Bessent left the door open to suing Kevin Warsh as Fed chair in testimony to the Senate Banking, Housing…
The president also disclosed for the first time that Bessent has been advocating for Powell to remain as chair until his term…
That "would be terrible for the Treasury," the Trump Cabinet pick said.
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US president says the Treasury secretary wishes to stay in his current role.
Saying that some Democrats had walked into his “bear trap,” the Treasury secretary urged them: “Join me and cut taxes, and that…
