The process to choose the next head of the Federal Reserve is getting under way, Treasury Secretary Scott Bessent said, suggesting that when current Chair Jerome Powell is replaced, he should also ...

President Donald Trump's sweeping tax-cut and spending bill, which cleared its final hurdle in the U.S. Congress earlier this ...

The dollar hovered around three-week highs against a basket of currencies on Tuesday, ahead of the release of U.S. inflation ...

US Treasury Secretary Scott Bessent said a "formal process" to identify a potential successor to Federal Reserve Chairman Jerome Powell is already starting. Bessent added, "I think it'd be very ...

Treasury Secretary Scott Bessent said Tuesday that President Donald Trump has no plan to fire Federal Reserve Chair Jerome Powell. "As President Trump said, he's not looking to fire chair Powell," ...

Treasury Secretary Scott Bessent, in an interview on Bloomberg Television, said he hasn't looked at the CPI number that's ...

President Trump's war on Federal Reserve chair Jerome Powell is taking on a more aggressive form, bringing Trump a step ...

The Federal Reserve’s political independence — the sense that the world’s most powerful central bank makes decisions based on ...

U.S. Treasury Secretary Scott Bessent, in an interview on Bloomberg Surveillance on Tuesday, said that a "formal process" is ...

Inflation likely accelerated in June as sweeping tariffs on nearly all imports may have pushed up prices for electronics, ...

The US central bank is grappling with housing issues on three fronts: inflation, rate policy, and its own headquarters.

Kevin Hassett is toadying hard to win the president’s favor. But don’t count out Kevin Warsh or Scott Bessent just yet in ...