Treasury Sec. Bessent says China, U.S. have ‘opportunity for a big deal’ on trade
Bessent named-checked Bridgewater founder Ray Dalio, who recently expressed fears of a sharp fallout from President Donald Trump’s tariff policies.
Financial News
Bessent says he expects ‘de-escalation’ in U.S.-China tariff fight in the ‘very near future’
Stocks, already recovering from the prior day’s sell off, soared higher on news of the remarks from Trump Treasury Secretary Scott Bessent.
Trump ramps up attacks on Powell, demands ‘loser’ Fed chair lower rates ‘NOW’
President Donald Trump ratcheted up his pressure campaign on Federal Reserve Chairman Jerome Powell.
Trump draft executive order would make sweeping changes to the U.S. State Department
The changes, outlined in a 16-page draft order, would dramatically upend the department and overhaul longstanding hiring practices and department priorities.
Trump renews call for interest rate cut, says rates would be lower if Fed chief Powell ‘understood what he was doing’
President Donald Trump said once again on Friday that Federal Reserve Chair Jerome Powell should lower interest rates.
Trump administration announces fees on Chinese ships docking at U.S. ports
The Trump administration on Thursday announced fees on Chinese-built vessels.
Trump again calls for Fed to cut rates, says Powell’s ‘termination cannot come fast enough’
President Donald Trump on Thursday again called for the Federal Reserve to lower rates and even hinted at the “termination” of Chair Jerome Powell.
Powell indicates tariffs could pose a challenge for the Fed between controlling inflation and boosting growth
The central bank leader said that while he expects higher inflation and lower growth, it’s unclear where the Fed will need to devote greater focus.
U.S.’ inability to replace rare earths supply from China poses a threat to its defense, warns CSIS
As China imposes rare earths export controls, the U.S. is unable to make up the shortfall, according to the Center for Strategic and International Studies.
Fed Governor Waller sees tariff inflation as ‘transitory’ in ‘Tush Push’ comparison
The central banker embraced. a term that got the central bank in trouble during the last bout of inflation.