Catenaa, Tuesday, June 10, 2025- US Treasury Secretary Scott Bessent is a top contender for the soon-to-be vacant Federal Reserve Chairman, Bloomberg reported on Tuesday. Quoting sources, the report said a small list of candidates under consideration for the Fed Chair includes Kevin Warsh, a former Fed official whom Trump interviewed for the Treasury secretary […]
Catenaa, Friday, May 23, 2025- US Treasury Secretary Scott Bessent said the US could be announcing “several large” trade deals in the next couple of weeks, as the Trump administration is expected to meet with China for tariff talks. “My sense is, over the next couple of weeks we’re going to have several large deals […]
Catenaa, Wednesday, June 11, 2025- US Treasury Secretary Scott Bessent said on Wednesday that Trump’s tax bill and spending bill will prevent hundreds of billions of dollars of corporate tax payments from going to foreign governments. Speaking to the US House of Representatives Ways and Means Committee, Bessent said that the Biden administration “chose to […]
Catenaa, Monday, April 28, 2025- US Treasury Secretary Scott Bessent said it’s “up to China” to de-escalate trade tension with the US as the Trump administration sends mixed signals on relations with China. Bessent said in an interview with CNBC on Monday it’s “up to China” to de-escalate. “As I’ve repeatedly said, I believe it’s […]
Catenaa, Tuesday, May 06, 2025- US Treasury Secretary Scott Bessent said on Tuesday, the Trump Administration has not begun any negotiations with China over tariffs but has started with 17 other trading partners. Bessent testified before a Congressional Oversight hearing of the Treasury Department Tuesday morning and said the US is negotiating trade deals with […]
Catenaa, Monday, April 19, 2025- US Treasury Secretary Scott Bessent warned its trading partners on Sunday that tariff rates will go back to April 2 levels if trade deals are not made with the US during the 90-day pause. “President Trump has put them on notice that if you do not negotiate in good faith, […]
Catenaa, Tuesday, January 28, 2025 – The US Senate has confirmed Scott Bessent as Treasury secretary in a 68-29 vote, securing a pivotal role for the pro-crypto advocate in shaping the nation’s economic and regulatory policies. Bessent succeeds Janet Yellen in the position. Bessent, a billionaire hedge fund manager and vocal supporter of cryptocurrency, has […]
Catenaa, Friday, May 09, 2025- US President Donald Trump on Friday said that cutting tariffs on China to 80% “seems right” ahead of a meeting with Beijing over the weekend. “80% Tariff on China seems right! Up to Scott B,” Trump wrote on his social media account on Friday morning, referring to Scott Bessent, his […]
Catenaa, Friday, June 06, 2025- US President Donald Trump on Friday urged Federal Reserve Chair Jerome Powell to cut interest rates by a full percentage point to boost the economy. “Europe has had 10 rate cuts, we have had none. Despite (Powell), our Country is doing great. Go for a full point,” Trump wrote in […]
Catenaa, Monday, June 30, 2025– US President Donald Trump said on Sunday that he sees no need to extend the July 9 deadline given for trading partners to make trade deals with the US. “I don’t think I’ll need to,” he told Fox News. He added, however, “I could, no big deal.” During a White […]
Catenaa, Wednesday, April 23, 2025- US Treasury Secretary Scott Bessent said on Wednesday that Trump administration is not considering slashing steep tariffs on Chinese imports to de-escalate the trade war. Bessent told reporters that high duties imposed by both sides need to come down mutually before talks can begin between the two economies. “Neither side […]