Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices.
Category: Treasury Department
-
For Trump, a Promised Economic Boom Collides With the Costs of War
President Trump had envisioned a growing economy and improving fortunes for American families in 2026. That appears at risk in his war with Iran.
-
Trump’s Actions in Iran and Venezuela Show Limits of U.S. Sanctions
America’s vast economic powers are able to wear down an adversary’s economy but are insufficient to topple leaders on their own.
-
U.S. Reaches Tentative Deal Ending Prosecution of Turkish Bank
Court papers submitted as part of the agreement with Halkbank, which was accused of doing business with Iranian entities, said Turkey’s assistance “was instrumental” in the Israel-Hamas cease-fire.
-
For America’s 250th, Should the Coin of Trump’s Realm Be Gold?
A federally appointed committee is pushing back on plans to mint gold currency depicting President Trump.
-
Will Kevin Warsh Do What Trump Wants?
Some investors are worried that President Trump’s nominee to run the Federal Reserve may not be a guaranteed “yes” on cutting interest rates.
-
Five Questions for Jerome Powell, the Fed Chair
Succession drama, legal intrigue and political independence: These are top issues that DealBook would ask of the Federal Reserve chairman.
-
Tremors in Japan Prompt Treasury to Weigh Currency Intervention
New York Fed inquiries about the cost of exchanging yen for dollars signaled to traders on Friday that the U.S. government might make a large purchase of the Japanese currency.
-
‘Adaptive Normalcy’ as the Trump Show Arrives at Davos
The president’s address at the World Economic Forum in Switzerland has trading partners and business executives on edge.