Tag

Bessent

All articles tagged with #bessent

national-news19 days ago•12 min saved

Trump’s Mueller death post sparks polarized reactions across the spectrum

Donald Trump posted on Truth Social that he was glad Robert Mueller had died, triggering sharp backlash from Democrats and many Republicans, while a small group of Trump supporters defended him. Treasury Secretary Scott Bessent defended the president by urging empathy for what Trump and his family have endured, and commentators including Ty Cobb criticized the reaction as petty and undignified, illustrating a split in public and political response.

via New York Daily News|

#bessent #donald-trump #national-news

business2 months ago•456 min saved

Waters' ‘Can you shut him up?’ moment spotlights tariffs and inflation debate

During a House Financial Services hearing, Rep. Maxine Waters pressed Treasury official Scott Bessent as he argued tariffs are not inflationary, while Waters warned tariffs have raised prices on goods and housing costs. Analysts note tariffs can create one-time price increases and financial uncertainty, whereas unemployment tends to spike briefly before easing. The discussion also touches on housing affordability, with lumber prices and immigration cited as factors in supply and demand. The piece frames tariffs’ real-world impact as central to voters’ views on affordability ahead of the 2026 elections.

via CNN|

#bessent #business #housing

business2 months ago•10 min saved

Bessent's Davos Playbook Quietly Keeps Markets Calm on Greenland

At Davos, Treasury Secretary Scott Bessent acted as the administration’s market whisperer, publicly defending Trump’s Greenland tariff pressure as a national-security lever and urging investors not to overreact, while privately reassuring Wall Street and steering a neutral four-way Fed chair shortlist. His aggressive public stance aimed to show market steadiness even as tariffs fluctuated, helping markets recover after early volatility and underscoring his central role in balancing Trump’s economic agenda with financial-market expectations.

via CNN|

#bessent #business #davos

economy2 months ago•124 min saved

Trump could pick next Fed chair as early as next week, says Bessent

Treasury Secretary Scott Bessent says President Trump may decide on the next Federal Reserve chair as early as next week, with four candidates remaining and Trump having spoken to all of them. He also called Powell's Supreme Court appearance a mistake and stressed Fed independence, while expressing optimism about a nascent productivity boom in the U.S.

via Investing.com|

#bessent #cnbc #economy

business2 months ago•1 min saved

Bessent Warns Powell: Supreme Court Appearance Risks Politicizing the Fed

Treasury Secretary Scott Bessent criticized Fed Chair Jerome Powell for attending Supreme Court arguments on the Fed's independence, calling the move a mistake that could politicize the central bank; he spoke at Davos and noted that he himself attended a tariff case.

via The New York Times|

#bessent #business #davos

world2 months ago•2 min saved

Trump's Davos Play: American Economic Swagger on the World Stage

At Davos, Scott Bessent outlines a bold, America-first economic narrative—promoting U.S. growth and global dominance while Trump plans to press domestic priorities and sharply critique European stagnation, with a media strategy centered on MAGA-friendly outlets.

via Axios|

#americafirst #bessent #davos

world5 months ago•2 min saved

US and China Near Trade Deal Amid Tariff Concerns

Treasury Secretary Scott Bessent indicated that the US and China are moving towards de-escalating their trade tensions, with China expected to make substantial soybean purchases and avoid an additional 100% tariff, while some export restrictions may remain in place.

via Fortune|

#bessent #china #soybeans

business5 months ago•1 min saved

Farm Owner Bessent Shares Personal Impact of Soybean Crisis

Treasury Secretary Scott Bessent, also a soybean farmer, expressed his shared pain with farmers affected by China's halt on U.S. soybean purchases due to the trade war, and discussed a potential deal with China that could include relief for farmers.

via Axios|

#bessent #business #china-trade-war

world6 months ago•1 min saved

Wall Street Rises on US-China Trade Talks and Market Recovery

US officials, including Bessent, are engaging in talks with China to prevent a new trade war, emphasizing the importance of resolving issues like China's rare earth export restrictions through diplomacy and warning of potential countermeasures if negotiations fail.

via Politico|

#bessent #rare-earth-exports #tariffs

politics7 months ago•3 min saved

Trump Officials Involved in Violent Threats and Feuds

A heated confrontation at a private dinner revealed a violent feud between Treasury Secretary Scott Bessent and Federal Housing Finance Agency Director Bill Pulte, involving threats and profanity, amid ongoing disputes over government financial initiatives.

via NJ.com|

#bessent #conflict #feud

finance7 months ago•2 min saved

Experts Predict Fed Rate Cuts Amid Inflation Concerns

Deutsche Bank strategists dispute Treasury Secretary Scott Bessent's claim that the Fed's interest rate is significantly above model indications, arguing that current rates are within the range suggested by monetary policy rules and that a modest cut could be justified, despite ongoing debates and differing views within the Fed.

via Bloomberg.com|

#bessent #deutsche-bank #federal-reserve

politics8 months ago•2 min saved

Calls Grow to Ban Stock Trading by Congress Members

Treasury Secretary Scott Bessent advocates for banning individual stock trading by members of Congress, aligning with bipartisan efforts to improve congressional ethics and restore public trust amid ongoing debates and opposition within Congress.

via Politico|

#bessent #bipartisan-effort #congress

politics8 months ago•30 min saved

Bessent Highlights Impact and Outlook of Trump's Trade Policies

Treasury Secretary Scott Bessent, a former hedge fund manager, played a key role in managing Trump's economic policies, including advocating for tariffs and de-escalating trade tensions, while balancing market stability and fiscal concerns amidst a complex political landscape.

via Bloomberg.com|

#bessent #economy #politics

politics8 months ago•3 min saved

Trump replaces IRS Commissioner Billy Long amid investigations

President Trump has replaced IRS Commissioner Billy Long with Treasury Secretary Scott Bessent temporarily, amid ongoing tax and tariff policy changes, with Long transitioning to a diplomatic role. The IRS has faced staffing cuts under Trump, and the administration continues to reshape revenue collection and tax legislation, including significant tariff revenue increases and a comprehensive tax law signed into law.

via NBC News|

#bessent #irs #politics

politics8 months ago•3 min saved

Treasury Secretary Bessent Criticized Over Social Security Privatization Comments

Treasury Secretary Bessent sparked controversy by suggesting that new Trump baby accounts could serve as a 'backdoor' to privatize Social Security, prompting criticism from Democrats and social security advocates, despite the White House's assurances of protecting the program.

via Axios|

#bessent #fiscal-policy #politics