Fed chair Jay Powell has said the Fed expects tariffs to only temporarily lift inflation, though the one-time increase in price level could be spread over several quarters.

Bessent, a millionaire former hedge fund manager, had in October stated that he shared the concerns of U.S. farmers who bore ...

Treasury Secretary Scott Bessent has proclaimed solidarity with U.S. farmers in recent months as they grappled with the loss ...

Democrats caused the affordability problem,” Trump said at a White House roundtable event Monday. “They caused it — we’re ...

The Supreme Court's intervention in President Trump's trade agenda has not ended the tariff fight so much as shifted it onto ...

With President Trump appearing to be “committed” to the idea of giving most Americans a $2,000 dividend payment from tariff revenue, Treasury Secretary Scott Bessent shared some insight into who might ...

Save this article to read it later. Find this story in your account’s ‘Saved for Later’ section. During both his presidential terms, Donald Trump has longed to make Americans happy by mailing them ...

This Sunday: face time. New York City's mayor-elect, the 34-year-old democratic socialist, comes to Washington and meets with President Trump in the Oval Office. PRES. DONALD TRUMP: Some of his ideas ...

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. By Ana Swanson Alan Rappeport and ...

The Treasury chief says the administration has a backup plan to preserve its tariff strategy should the Court strike it down.

U.S. Treasury Secretary Scott Bessent talked inflation and lowering prices in a recent interview. Economic concerns and inflation heavily influenced the 2024 U.S. election outcome. The Trump ...