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 ...
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Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work
The staff at the Consumer Financial Protection Bureau was instructed by email to cease much of its work. Bessent, a wealthy ...
Warren blasts Treasury Secretary Bessent on Elon Musk weekend data grab
U.S. Sen. Elizabeth Warren demanded answers following reports that billionaire Elon Musk took access to the nation's finance ...
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House Democrats crash Mike Johnson's meeting with Treasury Secretary Bessent
A pair of House Democrats showed up uninvited to House Speaker Mike Johnson's (R-La.) office Wednesday to elbow into his ...
Trump’s focus on 10-year Treasury yield to cut borrowing costs raises curiosity — and problems
The Trump administration said it intends to focus on the 10-year Treasury yield, instead of rate cuts, to lower borrowing costs. The news was greeted by some market participants, while also raising ...