US Treasury Secretary Scott Bessent has expressed a need to examine the performance of the Federal Reserve, which has maintained a cautious stance on lowering interest rates.

China is a large buyer ‘of sanctioned Iranian oil, sanctioned Russian oil. So we could start discussing that’, said Scott Bessent.

Treasury Secretary Scott Bessent sharply escalated his criticisms of the Federal Reserve on Monday, publicly urging a comprehensive investigation into the central bank’s operations and effectiveness.

The US treasury chief says the Trump administration prioritises the quality of trade agreements over meeting specific timing.

Also weighing on investors' minds has been worries about the Federal Reserve's independence, given Trump has railed ...

Speaking at the start of a Federal Reserve regulatory conference, Bessent said excessive capitalization requirements were ...

US Treasury Secretary Scott Bessent called Monday for the Federal Reserve to conduct an “exhaustive internal review of its ...

WASHINGTON] US Treasury Secretary Scott Bessent said the Federal Reserve’s vital independence on monetary policy is ...

Bessent also said the Fed should conduct “an exhaustive internal review of its non-monetary policy operations,” adding that ...

The remark came in response to being asked about firing Fed Chair Jerome Powell. Read more at straitstimes.com. Read more at ...

At the opening, the ringgit was mostly traded easier against a basket of major currencies.

Fed Chair Jerome Powell faces a criminal referral for perjury over renovation costs, raising questions and boosting odds of a ...