Trump Treasury Pick Bessent Backs Fed Independence, Dollar, Sanctions on Russian Oil
WASHINGTON (Reuters) -President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday that the dollar should remain the world's reserve currency, the Federal Reserve should stay independent and that he is ready to impose tougher sanctions on Russia's oil sector.
High-ranking sources told independent Russian outlet Meduza that Russia's elites are disappointed the Ukraine war didn't end ...
The West has frozen $300 billion of Moscow’s assets, but Europe has stood in the way of using them.
The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to ...
Stocks and bonds slid in Asia following Friday’s stronger-than-expected US jobs data, while oil climbed to a four-month high ...
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Stock markets mostly fall as traders trim US rate cut betsGlobal markets mostly retreated on Monday after traders trimmed bets on US Federal Reserve rate cuts and oil extended a rally ...
Mr Scott Bessent is a hedge fund manager and founder of Key Square Capital Management. Read more at straitstimes.com.
The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year.
Reliance on Russia’s military offerings has become increasingly prevalent in parts of Africa, amid an aggressive push by ...
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