The Latest Breaking News from Scott Bessent

Trump, Aides Clamor To Sway Fed's Policy. Is Kevin Warsh In A Fix?

This is an unusual public clamor by the administration's top aides ahead of a Fed meet. Many of the Trump administration have also called for a rate cut instead. The idea seems to be to facilitate a narrative in which to pressurize the Fed under its new chair Kevin Warsh,…

International Business Times · Sep 6

Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for him

President Trump voiced his dissatisfaction regarding the state of the economy, attributing inflation and financial difficulties to both market volatility and the Federal Reserve's policies. His administration is banking on artificial intelligence and tariffs as catalysts for economic growth. Nonetheless, analysts point out that his approach may have exacerbated inflation…

The Economic Times · Sep 5

Captain calamity: Pete Hegseth under fire for ‘inept’ leadership of US military

The US defense secretary faces internal dissent and discord at the Pentagon, accused of focusing on culture war issues and his own political ambitions as the Iran war drags on

The Guardian - US · Sep 5

The EU Is Joining Washington's Economic Pressure Campaign Agasint Iran. South Korea Could Play a Military Role.

U.S. Treasury Secretary Scott Bessent praised Brussels for its "strong and early stance."

International Business Times · Sep 4

US claims EU joined new Iran sanctions push, yet Brussels only endorsed them

US Treasury Secretary Scott Bessent has declared that the European Union formally joined Washington's campaign to sever Iran from the global financial system. Yet a Brussels statement issued at this week's G20 finance meeting in fact stops well short of that.

Euronews · Sep 4

Jefferies’ Chris Wood sees a structural bear market in US bonds. What it means for stocks and gold

Jefferies has warned that persistent pressure on US Treasury yields could create a challenging environment for equity markets, particularly for bond-sensitive assets such as REITs. While higher yields have weighed on Singapore REITs, the brokerage sees selective opportunities in the sector and remains constructive on gold and gold-mining stocks as…

The Economic Times · Sep 4

Workers’ share of America’s income is at a record low before the AI boom even begins

EY-Parthenon chief economist Gregory Daco says that the economy’s surprising productivity gains so far predate AI.

Fortune · Sep 4

Global Market: JGB yields extend fall as stronger yen, hawkish BOJ outlook lift sentiment

Japanese government bond yields extended their decline on Friday as a stronger yen and expectations of a hawkish Bank of Japan stance lifted sentiment. The benchmark 10-year JGB yield fell 5.5 basis points to 2.91%. Shifting US rate expectations also weighed on Treasury yields and supported the yen.

The Economic Times · Sep 4

Iran-US war latest: Vance says ‘sometimes things happen’ after US accused of killing five in wedding strike

Vice president rejects characterisation of Iran conflict as a ‘war’ and claims that major combat operations only lasted ‘about six weeks’

The Independent UK · Sep 4

Trump administration pushes to remove tax exemptions for private universities with DEI policies

The Trump administration says its proposed legislation aims to make university equal and accessible to all and end “woke” campaigns which deliberately favour certain students over others due to socioeconomic or racial backgrounds.

Euronews · Sep 4