As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.
Category: Treasury Department
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Inside the Debate About Adding Stocks to Trump Accounts
The New York Times – Business:Trump administration officials are weighing a plan that would allow wealthy individuals to donate shares in their companies to the investment accounts.
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How Kevin Warsh Could Shrink the Fed’s Footprint in Financial Markets
The New York Times – Business:President Trump’s nominee to become the next chair of the Federal Reserve wants to overhaul the central bank, including its more than $6 trillion balance sheet.
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Bessent Backs Financial Support for Oil-Rich U.A.E.
The New York Times – Business:The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
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U.S. Considers Financial Support for Oil-Rich U.A.E.
The New York Times – Business:President Trump acknowledged that the Gulf state has incurred significant damage during the war with Iran.
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The Peace Rally Gets Derailed
The New York Times – Business:Oil prices are climbing and global stocks are falling as investors worry about the prospects for a speedy end to the war in the Middle East.
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Bessent Questions the Cause of Climate Change and Its Economic Toll
The New York Times – Business: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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Bessent and Powell’s A.I. Anxiety
The New York Times – Business:The Treasury secretary and the Fed chairman reportedly summoned banking leaders to discuss the potential systemic risks of Anthropic’s new model.