Trump Considers Bessent for Fed Chair
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U.S. Treasury Secretary Scott Bessent, in an interview on Bloomberg Surveillance on Tuesday, said that a "formal process" is already starting to identify a potential successor to Federal Reserve Chairman Jerome Powell.
(Reuters) -Japanese Prime Minister Shigeru Ishiba is arranging to meet U.S. Treasury Secretary Scott Bessent in Tokyo on Friday, the Yomiuri newspaper reported on Tuesday, ahead of an August 1 deadline to strike a trade deal with the United States.
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.
5don MSN
Treasury Secretary Scott Bessent drew a provocative comparison between his current boss, Trump and his former mentor, the Hungarian-born Soros.