Scott Bessent wants the Fed to fade into the background after tension with Jerome Powell
There have rarely been years when the Federal Reserve has been so carefully watched by the White House,…
Hassett Emerges as Frontrunner in Trump Fed Chair Audition
Kevin Hassett (Bloomberg) — White House National Economic Council Director Kevin Hassett is seen by advisers and allies…
Treasury Secretary Bessent says there won’t be a US recession in 2026: ‘Very, very optimistic’
Treasury Secretary Scott Bessent said the US is not at risk of a recession in 2026 – adding…
No recession in 2026 but some sectors are challenged
Scott Bessent, US treasury secretary, arrives to speak during a site expansion groundbreaking ceremony at the Boeing South…
Shipping impact from plane grounding after UPS crash seen as ‘minimal’
The grounding of MD-11 aircraft after the deadly crash of a UPS plane earlier this month could boost…
Bessent says oil prices could drop if ‘something happens’ in Venezuela
Treasury Secretary Scott Bessent said the economy is seeing peace dividends as a result of President Donald Trump‘s…
Here’s How Trump’s $2K Dividend Could Impact Retirees on Social Security
For the second time this year, President Donald Trump is hinting that Americans may receive stimulus checks. While…
Tariff rebate checks: Odds tracker shows odds of Trump paying $2,000 dividend at 2%
If the White House handing out $2,000 checks to all U.S. citizens sounded too good to be true,…
New analysis shows more US consumers are past due on utility bills.
WASHINGTON (AP) — More people are falling behind on paying their bills to keep on the lights and…
Trump readies tariff cuts on beef, coffee, bananas to help slash US grocery bills
President Trump is readying some substantial tariff cuts in a bid to address voter concerns over the rising…
It’s Not Just Affordability, Americans Anxious Over Jobs Too
(Bloomberg) — Voter frustration over affordability fueled Democratic wins in last week’s state and local elections, and on…
US Mint in Philadelphia to press final penny
PHILADELPHIA (AP) — Back in 1793, a penny could get you a biscuit, a candle or a piece…