Trump Discusses Possibility Of Replacing Powell With Bessent
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Japan's top trade negotiator Ryosei Akazawa held talks with U.S. Commerce Secretary Howard Lutnick on U.S. tariffs on Thursday, as Tokyo races to avert a 25% levy that will be imposed unless a deal is clinched by an August 1 deadline.
That looming U.S.-China trade deadline? Don’t think too much about it, Treasury Secretary Scott Bessent is counseling investors.
Bessent, one of the three top U.S. tariff negotiators, landed in Japan on Thursday night, his first visit to the country since taking office. After meeting with Ishiba, the secretary and his delegation will head to World Expo 2025 in Osaka to attend the U.S. National Day event on Saturday.
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Treasury Secretary Scott Bessent said Tuesday that a “formal process” to find a successor for Federal Reserve Chair Jerome Powell has already started — as the Trump administration ratchets up pressure for the top central banker to step aside before his term ends.
Outside the U.S. Department of the Treasury in Washington, D.C. stands an imperious-looking statue honouring the institution’s longest-serving secretary. Albert Gallatin was the Swiss-born founding father who engineered the financing of the 1803 purchase of Louisiana via an innovative international bond issue.
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Treasury Secretary Scott Bessent, in an interview on Bloomberg Television, said he hasn't looked at the CPI number that's about to be released -- he is entitled to early access --but said not to read too much into one month's number.
Donald Trump's tariff threats and rising tensions between Washington and BRICS countries look set to overshadow this week's meeting of G20 finance chiefs in Durban, South Africa.
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Treasury Secretary Scott Bessent drew a provocative comparison between his current boss, Trump and his former mentor, the Hungarian-born Soros.
But the Treasury secretary also said that some countries working toward agreements with the United States could have until Aug. 1.
DURBAN (Reuters) - South African Reserve Bank Governor Lesetja Kganyago said on Wednesday that an "African agenda" including climate change and cross-border payment systems was still due to be discussed by G20 finance chiefs amid fears that tariffs would overshadow the gathering.