Scott Bessent outlines a vision for a "new economic golden age" as Donald Trump's treasury secretary nominee during his confirmation hearing amid bipartisan scrutiny.
Scott Bessent faces Senate confirmation for Treasury Secretary, navigating challenges around economic policy and deregulation amidst bipartisan scrutiny.
Federal Reserve officials indicate a cautious approach to future rate cuts as inflation remains elevated, with clear divisions among policymakers evident in recent meeting minutes.
Fed minutes reveal concerns that Trump’s policies could hinder progress in reducing US inflation, complicating monetary policy decisions moving forward.