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 wants to leave early,

Treasury yields were broadly higher as traders turn their attention to the Federal Reserve’s monetary policy meeting next week.

Treasury Secretary Scott Bessent dismissed MSNBC host Jonathan Lemire’s negatively framed questions on Wednesday about President Donald Trump’s stance against

The bond market shook off its panic and pushed upward on Wednesday after Scott Bessent, the U.S. Treasury Secretary, told everyone that Jerome Powell is not

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

U.S. Fed Chair Jerome Powell spoke of a need to maintain a "safe, sound and efficient" U.S. banking system while Treasury Secretary Scott Bessent called Powell "good public servant" suggesting he finish his term.

Treasury Secretary Scott Bessent said that the Aug. 12 deadline for most U.S. and Chinese tariffs to take effect will likely be extended. "We’ll be working out what is likely an extension," Bessent told Fox Business on Tuesday,