The United States and Europe were at odds over the Trump administration’s decision to ease oil sanctions on Russia.
Category: Bessent, Scott
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Transition to a New Fed Chair Is Unlikely to Mean Immediate Rate Cuts
The Federal Reserve is expected to hold interest rates steady this week as Jerome H. Powell presides over what is likely to be his last meeting as chair.
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Bessent Backs Financial Support for Oil-Rich U.A.E.
The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
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Bessent Questions the Cause of Climate Change and Its Economic Toll
The Treasury secretary said it is “difficult to deconstruct” the reasons for global warming, which he described as a belief of the “elite.”
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Banks Warned About Anthropic’s New, Powerful A.I. Technology
In an unusual move, the Treasury secretary and the Federal Reserve chair gathered bank executives to caution about cyberthreats posed by artificial intelligence.
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Bessent and Powell’s A.I. Anxiety
The Treasury secretary and the Fed chairman reportedly summoned banking leaders to discuss the potential systemic risks of Anthropic’s new model.
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Trump’s Signature to Be Added to U.S. Dollars
President Trump is set to be the first sitting president to have his signature appear on America’s currency.