Bessent’s comments come roughly a week after financial markets gyrated following reports that Trump had told lawmakers he was close to firing Powell — a move that he later backed away from ...

Treasury Secretary Scott Bessent downplayed possible disruptions to American businesses from President Donald Trump's tariffs. Businesses in the U.S. are bracing for Trump's tariffs to take effect ...

Bessent says Powell doesn't need to resign but should conduct internal review By Jeff Cox, CNBC • Published July 22, 2025 • Updated on July 22, 2025 at 10:02 am ...

Trump and Bessent Bring New Style to Managing America’s Debt Leaders have said they would wait for rates to fall before issuing longer-term bonds By Sam Goldfarb Follow ...

Treasury Secretary Scott Bessent said Tuesday that embattled Federal Reserve Chair Jerome Powell should finish out his term if he wants. “If he wants to see that through, I think he should. If ...

U.S. Treasury Secretary Scott Bessent on Wednesday suggested without evidence that the Federal Reserve's widely followed economic forecasts are motivated by politics, as the Trump administration ...

Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, saying he sees no reason for the Federal Reserve chair to step down ...

Last Updated: July 22, 2025 at 3:52 p.m. ET First Published: July 22, 2025 at 2:21 p.m. ET ...

For U.S. businesses that could be hit with more tariff hikes starting Friday, however, Bessent's suggestion that "it's not the end of the world" is unlikely to be all that reassuring.

Bessent's call for a review "might be his way of meeting some of the main ideas" of his competitors, Tang said. For instance, Warsh seems to want the Fed to skip any such review and start ...