Economy News Trump Ally Bessent Says Stocks Will Fall On ‘precarious’ Economy
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Scott Bessent says real affordability relief, 'substantial drop' in inflation coming soon
Treasury Secretary Scott Bessent predicts inflation relief and tax refunds for Americans in 2026, forecasting a "bountiful" economic year ahead for Main Street and Wall Street. Read More
US to overhaul financial stability watchdog to focus on economic growth, Bessent says
The Trump administration is overhauling a government watchdog charged with monitoring risks to the financial system to focus more on ways to boost economic growth and the "undue burdens" imposed by ... Read More
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President Trump's approval rating has sloped to a steeper net negative in recent weeks. Despite Trump highlighting lower prices, a CBS News poll found 60% of Americans believe he makes the economy ... Read More
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Fed chair Jay Powell has said the Fed expects tariffs to only temporarily lift inflation, though the one-time increase in price level could be spread over several quarters. Read More
Trump aides discuss tapping Bessent to lead National Economic Council - report
Trump aides consider Scott Bessent for top economic adviser, in addition to his role as Treasury secretary. Read more. Read More
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