Bessent Urges Fed to Lower Rates by 150 Basis Points or More
US Treasury Secretary Bessent made his most explicit call yet for the Federal Reserve to execute a cycle of interest-rate cuts.
US Treasury Secretary Bessent made his most explicit call yet for the Federal Reserve to execute a cycle of interest-rate cuts.
Trump called out Goldman Sachs' research team for stock market forecast it made earlier in the year that predicted S&P would finish the year lower.
U.S. Commerce Secretary Howard Lutnick said he expects the country to collect $50 billion a month in tariff revenues or more - up from $30 last month.
Trump expected to sign executive order that aims to allow private equity, real estate, cryptocurrency and other alternative assets in 401(k) accounts.
Following a disappointing July jobs report, investor expectations for a Federal Reserve rate cut in September surged.
Trump on said he would "shortly" announce his pick for open seat on the Fed Board of Governors and possibly his nominee for Fed chair as well.
President Trump's firing of Bureau of Labor Statistics commissioner Erika McEntarfer has Wall Street worried about the future path of economic data.