After a series of rigorous interviews, some lasting as long as two hours, Treasury Secretary Scott Bessent has winnowed down the list of candidates for Federal Reserve chair to five from 11, and that person could be nominated to the Fed — though not necessarily as chair — by January. According to senior Treasury officials,…
Treasury Secretary Scott Bessent brushed off recent reports of heated arguments inside President Donald Trump’s administration, saying disputes were a part of the normal push-and-pull of policymaking. “Treasury secretaries dating back to Alexander Hamilton have a history of dueling,” Bessent joked Tuesday to CNBC’s “Squawk Box.” “I think with the President’s team, I turned out…
Traders work on the floor at the New York Stock Exchange on April 22, 2025. Brendan McDermid | Reuters A key force at the center of the stock market’s massive two-day rally is the frantic behavior of short sellers covering their losses. Hedge fund short sellers recently added more bearish wagers in both single stocks…
Jamell Harris loads raw casting heads to be manufactured at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images DETROIT – Six of the top policy groups representing the U.S. automotive industry are uncharacteristically joining forces to lobby the Trump administration against 25% tariffs on auto parts…
US Treasury Secretary Scott Bessent speaks at the American Bankers Association’s Washington Summit at the Walter E. Washington Convention Center in Washington, DC on April 9, 2025. Brendan Smialowski | Afp | Getty Images Treasury Secretary Scott Bessent said Wednesday that President Donald Trump‘s aim is for Main Street businesses and consumers to thrive even as…
Treasury Secretary Scott Bessent speaks to reporters outside the West Wing after doing a television interview on the North Lawn of the White House on March 13, 2025 in Washington, DC. Andrew Harnik | Getty Images Treasury Secretary Scott Bessent said Wednesday the sell-off in the stock market is due more to a sharp pullback in…
Republican presidential nominee former President Donald Trump, left, listens as investor Scott Bessent speaks on the economy in Asheville, N.C., Wednesday, Aug. 14, 2024. Matt Kelley | AP President Donald Trump has made Treasury Secretary Scott Bessent the acting director of the Consumer Financial Protection Bureau after firing former head Rohit Chopra over the weekend….
