Treasury's Bessent hires Trump's controversial former Fed board pick, Judy Shelton, as adviser
Shelton's controversial economic ideas led the Senate to block her nomination to the Federal Reserve. Now she's be a counselor to the Treasury secretary.
TheStreet
Scott Bessent sends signal on Kevin Warsh Fed rate hike
Treasury Secretary Scott Bessent offered a carefully calibrated show of support for Federal Reserve Chair Kevin Warsh following the central bank’s quarter-point rate hike. Appearing on CNBC’s “Squawk ...
Reuters
Bessent's call to upsize Fed foreign lending facility may not be risk-free
NEW YORK, Aug 4 (Reuters) - U.S. Treasury Secretary Scott Bessent's call on the Federal Reserve to expand a facility that lends cash to official foreign accounts could add to the firepower available ...
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Bessent to testify before Congress as bond yields hit 3-year high
Treasury Secretary Scott Bessent appears before the House Financial Services Committee on Tuesday for his annual testimony. The hearing is formally about oversight of the International Monetary Fund, ...