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The Latest Breaking News from Scott Bessent

Flurry of trade deals offers relief for some Asian countries, while others wait

U.S. President Donald Trump has announced a flurry of trade deals that will relieve some pressure on companies and consumers from sharply higher tariffs on imports from Japan and a handful of other Asian countries

The Independent UK

Republican Sen. Reportedly Posts And Then Deletes Fake Resignation Letter From Fed Chair Powell

Republican Sen. Mike Lee reportedly posted and then deleted what he believed to be a resignation letter from Federal Reserve Chair Jerome Powell

Latin Times

El-Erian Says Powell Should Resign—To Save The Fed Itself

Escalating political attacks on the Federal Reserve have prompted economist Mohamed El-Erian to say Fed Chair Jerome Powell should resign—not for missteps, but to actually protect the central bank's independence.

Benzinga

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Feisty Trump deflects, but cannot shake boiling Epstein documents scandal - Roll Call

A fired-up President Trump claimed no knowledge of his team's next steps in the Epstein drama and made allegations about Barack Obama.

Roll Call

US Treasury Chief Says No Reason For Fed Chair To Step Down

US Treasury Secretary Scott Bessent said Tuesday that he did not see a reason for Federal Reserve Chair Jerome Powell to resign immediately, a day after calling for a sweeping review of the Fed.

International Business Times

US Treasury Chief Eyes China Tariff Deadline Extension In Talks Next Week

US Treasury Secretary Scott Bessent said Tuesday that he would meet his Chinese counterparts in Stockholm next week for tariff talks, eyeing an extension to a mid-August deadline for levies to snap back to steeper levels.

International Business Times

Why Trump’s attacks on Jerome Powell are raising fears for the US economy

The US president’s broadsides against the Fed chair have prompted concern about the independence of the US central bank.

Al Jazeera

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Stocks hit fresh all-time highs as strong earnings continue to power market rally

After the first week of this earnings season, 73% of companies beat per-share profit estimates, above the first-week average of 68%, according to BofA.

Fortune

Scott Bessent turns up the heat on the Fed, demands probe as Powell’s future hangs in balance

"What we need to do is examine the entire Federal Reserve institution and whether they have been successful," Bessent told CNBC's Squawk Box.

Fortune

FTSE 100 ends day above 9,000 points for first time

The FTSE 100 index closed up 20.87 points at 9,012.99 but failed to set a new intraday high.

Evening Standard

Trump Says He Doesn't Need Scott Bessent's Advice To Fire Jerome Powell: 'I Know Better Than Anybody What's Good For The Market'

President Donald Trump criticized a Wall Street Journal article that reported his Treasury Secretary, Scott Bessent, had advised against firing Jerome Powell, the Federal Reserve Chairman.

Benzinga

Japan’s minority gov’t faces election setback over inflation, immigration

Soaring prices and anti-foreigner sentiment have become central issues for much of Japan’s electorate.

Al Jazeera

G20 finance ministers reach consensus on key economic issues

US set to shift its approach towards G20 when it takes over group’s rotating presidency from South Africa in December.

Al Jazeera

G20 Nations Agree Central Bank Independence 'Crucial'

The G20 finance ministers stressed Friday that central banks must remain independent, after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell.

International Business Times

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Reason

Scott Bessent Takes Premature Victory Lap on Tariff Revenues

Collections represented a surge in imports trying to beat higher rates—with a slump to follow.

The Independent UK

The Crypto cabinet: One in five of Trump’s closet allies hold significant cryptocurrency assets

Several cabinet members, including Vice President JD Vance and Treasury Secretary Scott Bessent, have all reported personal stakes

International Business Times

South Africa Warns Global Turmoil Threaten Development Goals

G20 chair South Africa warned Thursday that abandoning the rules-based global order and declining cooperation could derail 2030 development goals to end hunger, eradicate extreme poverty and fight climate change.

Benzinga

Trump-Powell Feud Heats Up: Odds Of Fed Chair Ouster Spike

A political firestorm erupted on Wall Street Wednesday as speculations surged that President Donald Trump could fire Federal Reserve Chair Jerome Powell before his term ends, reigniting fears over central bank independence.

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Fortune

Trump won't rule out sacking Powell as Jamie Dimon works to shield the Fed chair

Trump has listened to Dimon in the past, notably a famous Fox Business interview with Maria Bartiromo.

The Guardian - UK

JP Morgan chief defends independence of Fed chair amid Trump attacks

Jamie Dimon cautions against interference as treasury secretary says process to replace Jerome Powell has begun

Fortune

Scott Bessent confirms moves to replace Jerome Powell are under way: 'There's a formal process that’s already starting'

JPMorgan CEO Jamie Dimon responded hours later that he believes Fed independence is "absolutely critical."

Benzinga

Cato Institute, NCLA Urge Appeals Court To Reject Trump Tariffs Citing Unauthorized Use Of Statute: Report

The Cato Institute and the New Civil Liberties Alliance (NCLA) have called on the Federal Circuit to strike down President Donald Trump‘s tariffs, arguing they rely on a statute that does not grant any authority to impose such tariffs.

Benzinga

Trump's 'I Like You Better' Sparks Talk Of Bessent As Next Fed Chief

A seemingly offhand remark from President Donald Trump has set off a wave of speculation in Washington and on Wall Street about the future leadership of the Federal Reserve.

The Independent UK

Trump delayed his tariff deadline after Treasury Secretary pleaded for more time to get deals done, report says

Treasury boss talked Trump into yet another multi-week reprieve

International Business Times

Copper Hits Record High As Trump Confirms 50% Tariff, Extends Deadline To August 1

Market analysts say the surge reflects concerns about supply disruptions and global reshuffling of industrial metals sourcing.

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