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.
Bessent's focus on 10-year US Treasury yield may let Fed off the hook
The Trump administration's emerging focus on long-term Treasury bond yields may show growing sensitivity to market constraints that could impede President Donald Trump's economic plans, while also getting the Federal Reserve out of his direct line of fire.
Economist: There is 'no button' Scott Bessent can push to lower long-term rates in a meaningful way
Nathan Sheets of Citi discusses U.S. Treasury Secretary Bessent's calls for lower long-term bond yields, saying his 3-3-3 plan is 'laudable', but U.S. deficits are still likely to run at 6 to 7 percent.
The Treasury Secretary Says Trump Wants Long-Term Rates to Fall—It May Take a While
Key Takeaways Treasury Secretary Scott Bessent said President Donald Trump is looking for longer-term interest rates to fall. Bessent said in an interview Thursday that Trump's policies should influence those longer-term borrowing costs to fall.
Trump and Bessent's focus on US10Y instead of fed rate 'the right approach'
U.S. President Donald Trump and his newly appointed Treasury Secretary Scott Bessent's focus on the benchmark 10-year Treasury yield and not the federal funds rate to bring down borrowing costs is the "right approach,
Solid January Jobs Data Will Likely Keep Fed Interest Rate Cuts On Hold
The January jobs report revealed a drop in the unemployment rate to 4%, accompanied by payroll gains of 143,000. A Fed ...
There is no way the Reserve Bank can cut interest rates next week
The central bank would be well advised not to misjudge the politics. An easing of monetary policy would put more jobs and ...
A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money
A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates ...
Bank cuts interest rates and slashes growth forecast
Bank boss Andrew Bailey told the BBC it expected to cut rates further but warned the road ahead would be bumpy.
Bernie Sanders, Josh Hawley introduce bill to cap credit card interest rates. What to know
Sen. Bernie Sanders of Vermont and Sen. Josh Hawley, a Republican from Missouri, introduced legislation to cap credit card ...
ECB's Centeno hopes key interest rate will drop to 2% sooner, not later
The European Central bank may need to cut interest rates below a neutral level to stimulate economic growth as inflation is ...
Could Tariffs Push Interest Rates Higher? Here's What It Means for Your Wallet
Tariffs don't directly cause interest rates to rise, but they might be part of the recipe. Learn if rates will go up, and ...
Would a 10% Credit Card Interest Rate Cap Be a Totally Good Thing for Consumers?
Factors like your debt-to-income ratio, your income and existing debt all influence the interest rate on your credit card.
India cuts interest rates for the first time in five years
India's central bank has cut interest rates for the first time in nearly five years to counter slowing growth in Asia's third ...
Bank of England cuts key UK interest rate to 4.50% as economy stagnates
The Bank of England has cut its main interest rate for the third time in six months with the British economy struggling to ...
Banks raking in £30bn from interest rate ruse
Lloyds, NatWest and Barclays made £30 billion between them last year by exploiting the gap between the rates for savers and ...
Bank of England cuts interest rates to 4.5% and slashes UK growth forecast
The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.