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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 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 Defends Musk Team’s Access to Federal Payment System
The department said that no payments would be interrupted and that it was conducting a review of the integrity of the system.
US Treasury's Payment System 'Not Being Touched' by Musk's DOGE, Bessent Says
But Bessent lauded Musk's efforts to cut government spending and said "DOGE is not going to fail," unlike previous government efficiency drives such as the Grace Commission in the
37m
DOGE official at Treasury resigns after racist posts
The agreement maintained access for two DOGE officials, Tom Krause and Marko Elez, but Elez later resigned after The Wall ...
BizPac Review
5h
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 ...
18h
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 ...
13h
Trump officials made bogus claims about what Musk's DOGE team could do at Treasury, report says
WIRED reporter Vittoria Elliott joins MSNBC’s Ali Velshi to discuss her reporting exposing the young, inexperienced members ...
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