News list for "Vicente"
Mr. Bessant met with three former Fed leaders this week to pave the way for the next Fed chairperson, as he pushes for the central bank to reduce its huge bond holdings and reduce its involvement in the economy. Click to view...
Mr. Bescent had just said "don't buy bitcoin" and changed his tune a few hours later, prompting speculation about whether the crypto lobby was in full swing or the Trump administration's crypto policies were already wavering.
The Trump administration is willing to extend the current 90-day tariff moratorium beyond July 9, as long as America's major trading partners show "good faith" in the current negotiations, Treasury Secretary Vincent Bescent said on Wednesday. Speaking at a hearing before the House Ways and Means Committee in Washington, Mr. Bescent said the United States has 18 "significant trading partners" with which the Trump administration is working to reach an agreement. For countries and trading blocs tha...
US Treasury Secretary Vincent Bescent tweeted that "currency-related matters" were discussed, but Japanese officials insisted: no exchange rate target was discussed at all! Click to view...
"When it comes to sovereign wealth funds, I said, 'monetizing the balance sheet' is definitely not what I want," Mr. Bescent, the Treasury secretary, said of revaluing gold reserves. Pressed if he would discuss the issue, he repeated, "It's not what I want." Gold reserves are currently priced at $42.22 an ounce, the traditional official price from decades ago. Revaluing these assets based on current market prices could...
