Category: Bessent, Scott

Japan Raises Interest Rates to 31-Year High Under U.S. Pressure

The New York Times – Business:
The Bank of Japan’s widely expected move followed an unusual campaign by Treasury Secretary Scott Bessent for tighter monetary policy.
Bessent and Warsh Take On the Bond Bears

The New York Times – Business:
The Treasury secretary and the Federal Reserve chairman face similar tests: calming investors’ growing worries about inflation and deficits.
The World Economy Is Becoming Wary of the U.S.

The New York Times – Business:
America’s position of global economic stability is starting to look shakier as the Trump administration piles on debt and doubles down on sanctions.
Federal Employees Were Paid $9.5 Billion Not to Work in 2025 Under DOGE Effort

The New York Times – On the Runway:
As part of the Department of Government Efficiency’s program to shrink the federal work force, paid administrative leave costs rose by 435 percent.
Bessent Defends Faltering Bond Market Intervention

The New York Times – Business:
Testifying before Congress, the Treasury secretary said that he supported giving Americans $5,000 dividends if Republicans win in November.
U.S. Imposes Sanctions on Russia’s VTB Bank Over Ties to Iran

The New York Times – Business:
The move, which targeted a bank that is already under U.S. sanctions, was part of the Trump administration’s Operation Economic Outcast initiative.
10-Year Treasury Yield Reaches 5%, Highest Level in Years

The New York Times – Business:
One of the world’s most important interest rates hit a level recorded only once since the global financial crisis, as investors continued to rebuff the Trump administration’s efforts to sway the bond market.
Inflation Complicates Trump’s Midterms Pitch to Voters

The New York Times – Business:
Gas prices are high, mortgage rates are climbing and inflation remains well above target, complicating the president’s midterm appeal.
Bessent Takes on the Bond Vigilantes

The New York Times – Business:
As a rout in the bond market deepens, the pressure grows on Treasury Secretary Scott Bessent to restore calm.
A $5,000 ‘Trump Dividend’? The Bond Market May Like a Word.

The New York Times – Business:
President Trump’s latest political gambit could cost more than $1 trillion, and further roil a volatile bond market.
Down in the Polls, Republicans Embrace a Familiar Tool: Fear

The New York Times – On the Runway:
At an unusual midterm gathering, President Trump and his allies painted Democrats as dangerously un-American.
Treasury Plans $6 Billion in Debt Repurchases to Battle Rising Yields

The New York Times – Business:
Bond yields rose after the announcement, suggesting investors were underwhelmed by the size of the purchases.