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Trump names Treasury Secretary Scott Bessent
Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve.
Trump Treasury secretary Scott Bessent relieves some pressure on the Fed
Treasury Secretary Scott Bessent said Donald Trump is not asking the Federal Reserve to lower its short-term interest rates, but what he and the president do want is to bring down longer-term borrowing costs via 10-year Treasury yields (^TNX).
Trump Names Scott Bessent, the Treasury Secretary, to Lead the Consumer Bureau
The secretary replaces Rohit Chopra, who had aggressively sought to expand the bureau’s authority over banks and other financial firms.
Musk, Bessent
Bessent Says Musk’s DOGE Isn’t Altering Treasury Systems
US Treasury Secretary Scott Bessent said he personally vetted the Treasury employees on Elon Musk’s government efficiency team with read-only access to federal payment data, and that there’s been no “tinkering” with the department’s payment systems.
US Treasury's Payment System 'Not Being Touched' by Musk's DOGE, Bessent Says
But Bessent lauded Musk's efforts to cut government spending and said "DOGE is not going to fail," unlike previous government efficiency drives such as the Grace Commission in the
Treasury says Elon Musk's DOGE has "read only" access to payment systems
Democratic lawmakers have expressed concern that access to the system could allow DOGE, which disburses nearly 90% of all federal payments, to restrict disbursement of federal funds.
16h
Trump wants a lower 10-year yield. The market on Thursday isn't budging.
U.S. stocks were mixed on Thursday, near record highs, but another big focus was the 10-year Treasury yield. Treasury Secretary Scott Bessent said Wednesday that the Trump administration was focused ...
18h
Trump's Aim to Lower The 10-Year Yield Could Bode Well for Bitcoin
U.S. Treasury Secretary Scott Bessent said Wednesday that the Trump administration aims to reduce borrowing costs in the economy by lowering the ...
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