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U.S. Treasury chief: No need for Fed’s Powell to step down right now

There is no need for U.S. Federal Reserve Chair Jerome Powell to immediately step down, Treasury Secretary Scott Bessent said ...

Treasury's Bessent says Aug. 12 China tariff deadline likely to be extended; talks set for next week

U.S. Treasury Secretary Scott Bessent on Tuesday told Fox Business that an Aug. 12 deadline for China tariff negotiations was likely to be extended and that he was set to meet with Chinese officials ...

Bessent Says Powell Should Finish Out Term if He Wants

Treasury Secretary Scott Bessent said Tuesday that embattled Federal Reserve Chair Jerome Powell should finish out his term if he wants. “If he wants to see that through, I think he should. If he ...

'Trade's In a Very Good Place With China,' Says Treasury Secretary Bessent

U.S. Treasury Secretary Scott Bessent said he would soon meet top Chinese officials to extend the two countries' trade truce. “China, that deal expires on Aug. 12 and I’m going to be in Stockholm on M ...

Bessent says Powell doesn't need to resign but should conduct internal review

There have been no indications from Powell that he plans to step down despite a barrage of criticism from the Trump ...

'Stop fear mongering!': Fed under fire over tariffs, Bessent orders probe into central bank's ops

US Treasury Secretary Scott Bessent is raising alarms over what he calls the Federal Reserve’s 'mandate creep.' In a bold ...