All articles tagged with #scott bessent
During a House Financial Services Committee hearing, Democratic lawmakers pressed Treasury Secretary Scott Bessent on oversight of the U.S. financial system, with heated exchanges and interruptions that underscored partisan tensions.
At a House Financial Services Committee hearing, Treasury Secretary Scott Bessent clashed with Maxine Waters over tariffs inflationary impact, with Waters pressing about a claimed warning that tariffs are inflationary and Bessent denying that wording while arguing tariffs inflation effect is modest; the exchange highlights the ongoing debate over tariffs price effects on housing and consumers.
Multimillionaire Scott Bessent argued on Fox News that families should donate to Trump Accounts rather than buy toys for children, a pitch that drew online backlash and raised questions about feasibility and how the plan would work alongside a cost‑of‑living reality.
Scott Bessent said the Trump administration remains committed to a strong-dollar policy and is not intervening in dollar–yen markets, fueling a dollar rally as traders reassessed intervention risk; he argued that sound fundamentals and policy will attract capital and strengthen the dollar over time, while speculation of official FX action has been denied.
At Davos, Treasury Secretary Scott Bessent positions himself as Trump’s market whisperer, framing Greenland threats as a national emergency and urging investors to stay calm, while privately guiding a discreet Fed chair search and helping the administration ride volatility as markets briefly fell on tariff talk but recovered by week’s end.
Argentina has fully repaid its $20 billion credit line from the Trump administration, a move seen as a positive step towards restoring confidence in its economy, though challenges like low foreign reserves remain.
U.S. Treasury Secretary Scott Bessent, known for his market-savvy approach, has unexpectedly become a supporter of MAGA politics, highlighting the bipartisan nature of influence and policy within the Trump administration.
Scott Bessent criticizes China's decision to 'fire shots' on rare earths, suggesting it was a significant mistake that could have broader economic and geopolitical repercussions.
Scott Bessent, a wealthy former hedge fund manager and landlord, claims to understand soybean farmers' pain due to tariffs that have hurt U.S. soybean exports to China, despite not being a farmer himself. His holdings and partial failure to divest from assets raise ethical concerns amid ongoing trade negotiations and political scrutiny.
Treasury Secretary Scott Bessent announced that additional 100% tariffs on China are 'effectively off the table' following positive trade talks with Beijing, and expects the threat of such tariffs and Chinese export controls to diminish, with key discussions including trade issues and the TikTok deal.
Treasury Secretary Scott Bessent, who owns soybean farmland, expressed personal pain over China's refusal to buy US soybeans during trade conflicts, but recent negotiations with China have led to a framework that may alleviate farmers' concerns, signaling potential positive developments for US soybean farmers.
US Treasury Secretary Scott Bessent announced a significant trade framework with China that avoids 100% tariffs and defers China's rare earth export controls, paving the way for further discussions between President Trump and President Xi Jinping on trade issues.
Scott Bessent reports that a 'positive framework' has been agreed upon for the upcoming summit between Trump and Xi Jinping, indicating a constructive approach to their discussions.
Scott Bessent defends his views on market risk against critics, emphasizing his perspective on financial market stability and risk management.
The Trump administration has announced a $40 billion aid package for Argentina, including a $20 billion facility and a credit swap line, aimed at stabilizing Argentina's economy ahead of elections, with significant benefits for major hedge funds and ties to US geopolitical strategy, despite domestic budget conflicts.