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Tag: Scott Bessent

US Markets Reopen to Tariff Uncertainty as Bessent Signals Alternative Enforcement

US Markets Reopen to Tariff Uncertainty as Bessent Signals Alternative Enforcement

US Markets Reopen to Tariff Uncertainty as Bessent Signals Alternative Enforcement U.S. financial markets are poised to react today, September 2, 2025, following a long Labor Day weekend, to a federal appeals court’s recent ruling that deemed most of former President Donald Trump’s tariffs illegal. The decision, announced after market close on Friday, August 29, has set the stage for a potential showdown at the U.S. Supreme Court. Adding another layer of complexity, U.S. Treasury Secretary Scott Bessent indicated on…

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Treasury Secretary Bessent Renews Calls for Congressional Stock Trading Limits

Treasury Secretary Bessent Renews Calls for Congressional Stock Trading Limits

Treasury Secretary Bessent Renews Calls for Congressional Stock Trading Limits US Treasury Secretary Scott Bessent recently reiterated strong concerns over congressional stock trading, advocating for stricter limits on lawmakers’ investment activities. During a press conference in Stockholm following US-China trade talks on July 29, 2025, Bessent emphasized the critical importance of public trust in the legislative process. “It is the credibility of the House and the Senate,” Bessent stated. “It brings down trust in the system because, I can tell…

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US Treasury Secretary Scott Bessent Demands Steep Fed Rate Cuts, Hints at Broad Export Tax

US Treasury Secretary Scott Bessent Demands Steep Fed Rate Cuts, Hints at Broad Export Tax

US Treasury Secretary Scott Bessent Demands Steep Fed Rate Cuts, Hints at Broad Export Tax US Treasury Secretary Scott Bessent has intensified pressure on the Federal Reserve, reiterating his call for a significant half-point interest rate reduction at the central bank’s upcoming September meeting. Bessent advocated for a series of further rate cuts, arguing that the Fed’s benchmark rate should be at least 1.5 percentage points lower than its current target range of 4.25% to 4.5%, maintained since their July…

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Bessent Cautioned Trump Against Firing Fed Chair Powell, Citing Major Economic and Legal Risks

Bessent Cautioned Trump Against Firing Fed Chair Powell, Citing Major Economic and Legal Risks

Bessent Cautioned Trump Against Firing Fed Chair Powell, Citing Major Economic and Legal Risks Treasury Secretary Scott Bessent reportedly urged President Donald Trump against dismissing Federal Reserve Chair Jerome Powell, warning of significant economic, political, and legal repercussions, according to a new report from The Wall Street Journal. Bessent’s advice, which marks a notable divergence from other Trump allies, highlighted that removing Powell before his term concludes next spring could destabilize financial markets and push the central bank into unprecedented…

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