Exclusive: Fed should be independent but has made mistakes, Treasury Secretary Bessent says
U.S. Treasury Secretary Scott Bessent said on Monday the Federal Reserve is and should be independent but said it had…
Trump tampering with Fed independence is risky for the economy, experts say
Economic and financial analysts are warning that President Donald Trump’s attempt to fire Federal Reserve governor Lisa Cook risks undermining…
Trump’s Fed governor pick keeps US dollar under pressure
The dollar was steady on Friday but poised for a weekly fall as U.S. President Donald Trump’s temporary choice for…
Fed holds rates steady but sees first double dissent in three decades
The Federal Reserve kept short-term interest rates at a level of 4.25 percent to 4.5 percent on Wednesday, but the…
Will Bessent serve as Fed chair, Treasury secretary at the same time?
The possibility that President Trump could replace Federal Reserve Chair Jerome Powell with Treasury Secretary Scott Bessent is spinning heads…
U.S. Fed remains cautious about reducing rate too quickly at last meeting
U.S. Federal Reserve officials said they were in no hurry to cut interest rates, cautioning about lowering rates too quickly,…
