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Fed, Treasury and Trump
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).
Trump is focused on lowering bond yields, not fighting the Fed, Treasury chief says
The Trump administration isn't looking to clash with the Federal Reserve over interest rates, Treasury Secretary Scott Bessent told said. Instead, the focus of the White House is on lowering Treasury yields as a way to ease borrowing costs.
7h
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 ...
5h
on MSN
DOGE deputy to oversee powerful Treasury system as Musk demands cuts
Tom Krause, a Silicon Valley executive with ties to DOGE, will become the fiscal assistant secretary of the Treasury ...
1h
on MSN
New York and 18 other states sue Trump administration over DOGE access to federal systems
New York Attorney General Letitia James said "this level of access for unauthorized individuals is unlawful, unprecedented, and unacceptable." ...
11h
Here is Bessent's best play to coax 10-year Treasury yields lower, BCA says
It's the budget. Treasury Secretary Scott Bessent said earlier this week that the Trump administration wants to focus on ...
3d
on MSN
Federal employee unions are suing the Treasury and alleging Elon Musk's DOGE gained illegal and 'unprecedented' access to data
The lawsuit accused Treasury Secretary Scott Bessent of giving Musk's Department of Government Efficiency access to sensitive ...
7h
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 ...
FedScoop
4h
Musk, DOGE access to Treasury systems targeted in House Democrats’ bill
The legislation from Rep. Haley Stevens and 141 of her colleagues would cut off “unlawful access” to Bureau of Fiscal Service ...
4d
on MSN
Treasury Dept. gives Elon Musk's team access to federal payment system: Sources
If Elon Musk or his DOGE team were to attempt to block federal payments, it would likely face legal challenges given the ...
1d
The US Treasury Claimed DOGE Technologist Didn’t Have ‘Write Access’ When He Actually Did
Sources tell WIRED that the ability of DOGE’s Marko Elez to alter code controlling trillions in federal spending was ...
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