“That’s the eventual goal, but I’m not going to signal it now.” Bessent reiterated his argument that, with cost savings from the DOGE efficiency drive, faster growth fueled by deregulation ...

U.S. Treasury Secretary Scott Bessent on Thursday brushed off fears that the Trump administration's tariff hikes will lead to ...

Treasury Secretary Scott Bessent rejected the idea that President Donald Trump’s tariff hikes will ignite a new wave of inflation, and suggested that the Federal Reserve ought to view them as having a ...

In an interview with Bloomberg TV, Bessent said he expects Powell “will do the right thing” despite his and President Trump’s past skepticism of the bank chief. “Everything I’m going to ...