News list for " Bessant"
Vice Premier He Lifeng, the Chinese leader of China-US economic and trade relations, held a video call with the US leader, US Treasury Secretary Vincent and Trade Representative Greer. The two sides focused on the implementation of the important consensus reached by the heads of state of China and the United States at the Busan meeting and the phone call on November 24, and conducted in-depth and constructive exchanges on the next step to carry out practical cooperation and properly resolve each...
Speaking at the Mesa Sands Investment Forum at the Kennedy Center on November 20, Trump said he would love to fire Federal Reserve Chairperson Jerome Powell, but Treasury Secretary Scott Bescent stood in his way. Trump urged Bescent to "convince" Powell to lower interest rates as soon as possible, and threatened to fire Bescent if the Fed didn't cut rates. "You have to convince him that the only thing Scott messed up is the Fed. Because Fed interest rates are too high, Scott. If you don't fix th...
On the morning of October 18, Beijing time, Vice Premier He Lifeng, the Chinese leader of China-US economy and trade, held a video call with the US leader, US Treasury Secretary Vincent and Trade Representative Greer. The two sides focused on the implementation of the important consensus reached by the two heads of state during the previous calls this year. They had candid, in-depth and constructive exchanges on important issues in bilateral economic and trade relations and agreed to hold a new ...
On the morning of October 18, Beijing time, Vice Premier He Lifeng, the Chinese leader of China-US economy and trade, held a video call with the US leader, US Treasury Secretary Vincent and Trade Representative Greer. The two sides focused on the implementation of the important consensus reached by the two heads of state during the previous phone calls this year, and had candid, in-depth and constructive exchanges on important issues in bilateral economic and trade relations. They agreed to hold...
Argentina's stock market rose 6% on a supportive signal from U.S. Treasury Secretary Vincent Vicente.
Economist Peter Schiff wrote that there are only two possibilities for Scott Bescent's absurd denial that Trump's tariffs are taxes. 1. Bessant doesn't understand what taxes are. 2. He lied to avoid embarrassing Trump. Both possibilities cost him his job as finance minister.
Patrick Munnelly, market strategist at Tickmill Group, said in a note that the upcoming Jackson Hole symposium, which opens on Friday, is expected to be a pivotal moment for the market, when Federal Reserve Chairperson Jerome Powell will set out the Fed's short-term policy direction. However, he noted that, as usual, disagreements between Trump and Bessant could add to the noise. Munnelly said the noise could come from ongoing discussions around Fed appointments, potential legal challenges and c...
Patrick Munnelly, market strategist at Tickmill Group, said the upcoming Jackson Hole symposium, which opens on Friday, will be a pivotal moment for markets, when Federal Reserve Chairperson Jerome Powell will set out the Fed's short-term policy direction. However, the disagreement between Trump and Bessant is likely to add to the noise, which could come from ongoing discussions around Fed appointments, potential legal challenges, and changes to labor market reports. Munnelly added that the July...
President Trump: Bescent is a candidate to succeed the Federal Reserve chairperson, but he is satisfied with his performance as Treasury Secretary.
US Treasury Secretary Vincent Bescent said on Sunday that tariffs announced in April would take effect again on August 1 for countries that do not have a trade deal with the Trump administration. "President Trump is going to send a letter to some of our trading partners saying that if you do not act, then on August 1 your tariffs will return to the levels of April 2," Mr. Bescent said.
