Treasury Secretary Scott Bessent argued that financial stability was best achieved through faster economic growth, which he said was constrained by unnecessary regulations.
Treasury Secretary Scott Bessent, who is leading the search for the next Federal Reserve chair, could face President Trump’s wrath if the person chosen does not quickly lower interest rates.
If the next Federal Reserve chair proves to be less than compliant with President Trump’s wishes, Treasury Secretary Scott Bessent could take the blame.
In an unusual move, Xi Jinping, the leader of China, called President Trump. The two spoke about trade, Taiwan and Ukraine, according to separate official statements.
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