Scott Bessent

Canadian Prime Minister Mark Carney has refuted claims that he retracted his statements made at the World Economic Forum in Davos, Switzerland, during a recent conversation with President Donald Trump. Carney, on Tuesday, told CBC, “To be absolutely clear, and I said this to...

U.S. Treasury Secretary Scott Bessent predicted on Tuesday that the American economy is on the verge of a multi-year expansion, driven by what he dubbed President Trump‘s “one big, beautiful bill.” Unleashing A ‘CapEx’ Explosion Speaking to Fox Business, Bessent argued...

Editor’s Note: This story has been updated to include a comment from a Booz Allen Hamilton spokesperson. U.S. Treasury Secretary Scott Bessent announced on Monday that his department has canceled all contracts with management consulting firm Booz Allen Hamilton Holding Corp. (NYSE:BAH),...

Some of the biggest names in finance and politics made headlines this week. From a President’s bold claims to a Governor’s critique of the U.S. monetary policy, here are the top economic stories that emerged over the week. Scott Bessent Slams Federal Reserve Scott Bessent, the U.S....

President Donald Trump has been back in the White House for over a year for his second term. A new poll finds his approval rating rose this month, while his disapproval rating hit a new record for this term. Here's how the economy and affordability could be weighing on voters when asked how they...

Donald Trump is reportedly ready to announce the next Federal Reserve Chair as early as next week. Ahead of the announcement, the betting market is buzzing. During an interview with CNBC, Treasury Secretary Scott Bessent on Tuesday said that Trump may reach a decision "maybe as soon as next week."...

Sen. Elizabeth Warren (D-Mass.) slammed Treasury Secretary Scott Bessent for downplaying the risks of waning global demand for U.S. Treasuries. It’s A ‘Huge Deal’ On Wednesday, in a post on X, Warren criticized Bessent’s comments during the World Economic Forum at...

Treasury Secretary Scott Bessent has criticized the performance of major U.S. defense contractors, citing delays in fulfilling contracts, excessive stock buybacks, and high executive compensation. Bessent Slams Defense Contractors Speaking at the World Economic Forum in Davos, Switzerland...

President Donald Trump has suggested that the proposed $2,000 tariff “dividend” checks for Americans can be implemented without the need for Congressional approval. Trump Outlines Income Limit for Checks Trump made this statement in response to a reporter’s...

U.S. Treasury Secretary Scott Bessent criticized the Federal Reserve for several ethical lapses and policy missteps, which he said have resulted in losses amounting to several billion dollars a year. Bessent Slams Fed’s ‘Mistimed Asset Purchases’ On Tuesday, Bessent said the...

Treasury Secretary Scott Bessent assured that President Donald Trump remains committed to the independence of the Federal Reserve, while defending the need for accountability by the central bank. Independence Does Not Mean ‘No Oversight’ “Of course he’s committed to the...

BlackRock Inc (NYSE:BLK) executive Rick Rieder has reportedly made it to the list of finalists for the job of Federal Reserve Chairman. Rieder's Fed Interview With Trump Panel Rieder, the chief investment officer of global fixed income at BlackRock, was interviewed in the Oval Office by...

SoFi Technologies, Inc. (NASDAQ:SOFI) is the latest employer to announce it will match the federal government’s $1,000 seed contribution for the newly established tax-advantaged children’s investment accounts, known as Trump Accounts.  SOFI stock is moving. See the chart and price...

Banking giant JPMorgan Chase & Co.’s (NYSE:JPM) CEO, Jamie Dimon, firmly ruled out any possibility of leading the Federal Reserve in the near future, but is open to serving as the Secretary of the Treasury, if asked by the President. Dimon Might Consider Treasury Secretary Role Dimon said...

U.S. Treasury Secretary Scott Bessent announced a new round of sanctions targeting senior Iranian officials and financial entities tied to the country's crackdown on protesters and international sanctions evasion networks. Key ‘Iranian Leaders’ Sanctioned On Thursday, in a statement on...