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Fed, Treasury and Scott Bessent
Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve.
Trump Treasury secretary Scott Bessent relieves some pressure on the Fed
Treasury Secretary Scott Bessent said Donald Trump is not asking the Federal Reserve to lower its short-term interest rates, but what he and the president do want is to bring down longer-term borrowing costs via 10-year Treasury yields (^TNX).
Bessent says Trump is focused on the 10-year Treasury yield and won't push the Fed to cut rates
The Trump administration is more focused on keeping Treasury yields low rather than on what the Fed does, Treasury Secretary Scott Bessent said. Bessent indicated that Trump will not be hectoring the Fed to cut,
Treasury installs ally of Musk’s DOGE
Treasury Installs Musk Ally to Oversee Its Payment System
Tom Krause, a software executive, is the Treasury Department’s fiscal assistant secretary with access to a system that disburses government funds and includes Americans’ personal information.
Treasury installs ally of Musk’s DOGE as head of payment system
The move follows the ousting of a career official who rebuffed attempts to use the payment system to stop federal spending.
Treasury elevates Musk ally to lead government payment system
The elevation of Tom Krause to a more powerful role at Treasury will likely inflame an ongoing backlash over DOGE.
1h
on MSN
Musk staffer takes top role at Treasury Department with control over federal payment system
Tom Krause, a former executive involved in Elon Musk's DOGE, is the new financial assistant secretary at the Treasury ...
BizPac Review
7h
Bessent sets record straight, says DOGE members are Treasury employees
U.S. Treasury Secretary Scott Bessent cleared up all the “misinformation” about the access the Department of Government Efficiency (DOGE) “team” has reportedly had in the federal government. […] ...
3d
Trump appoints treasury secretary, a former hedge fund executive, as acting head of consumer protection agency
In what appears to be yet another move to consolidate parts of the federal government, President Donald Trump has appointed ...
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