The Latest Breaking News from Scott Bessent

Donald Trump keeps baiting the Fed—but Jerome Powell's not biting

"We're supposed to achieve maximum employment and price stability for the benefit of all Americans and keep out of politics completely," Powell said.

Fortune · Dec 5, 2024

OPEC+ oil alliance faces stagnant prices for crude while US drivers enjoy cheaper gasoline

The OPEC+ alliance of oil exporting countries is deciding on whether to produce more crude as members face sluggish demand and competing production from non-allied countries, factors that could keep oil prices stagnant into next year

The Independent UK · Dec 5, 2024

Powell 'Not Concerned' US Fed Would Lose Independence Under Trump

Federal Reserve Chair Jerome Powell said Wednesday that he was "not concerned" the US central bank would lose its independence, despite President-elect Donald Trump's suggestion that he should have input into interest rate decisions.

International Business Times · Dec 4, 2024

The total wealth of Trump’s top team is $340 billion — more than the GDP of 169 countries

Several billionaires and wealthy mega donors and executives are nominated for key economic posts

The Independent UK · Nov 27, 2024

Trump picked Scott Bessent for Treasury despite ties to Democratic megadonor George Soros

Bessent worked for Soros and played a key role in the short bet that “broke the Bank of England.”

Fortune · Nov 27, 2024

The ‘Trump bump’ has survived tariff announcements—but will it survive the good, the bad, and the unknown in his cabinet?

Trump's picks fit into three groups: the fortifiers (the good), the detractors (the bad), and the mercurial influencers who might do good or harm.

Fortune · Nov 27, 2024

Stock Market Today: The S&P 500 Reclaims the 6K Level

Investors see Scott Bessent as a safe shepherd of the economy as the president-elect burnishes his "Tariff Man" reputation.

Kiplinger · Nov 26, 2024

Trump tariff ‘surprise’ pushes FTSE 100 into the red

The US President-elect singled out Mexico and Canada in particular for tariffs in a social media post.

Evening Standard · Nov 26, 2024

Boris Epshteyn accused of seeking bribes

Trump reportedly discovered Ephsteyn was shaking down potential Cabinet picks like Scott Bessent and Eric Greitens

Salon · Nov 26, 2024

Global Shares Retreat As Trump Plans New Tariffs

Global shares decline on Trump's tariff plans, impacting markets worldwide. Treasury yields ease, Fed may adjust rate cuts. Oil prices rise, U.S. dollar we...

Top News · Nov 26, 2024