Scott Bessent turns up the heat on the Fed, demands probe as Powell’s future hangs in balance
“What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” Bessent told CNBC’s Squawk Box.
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Stocks hit fresh all-time highs as strong earnings continue to power market rally
After the first week of this earnings season, 73% of companies beat per-share profit estimates, above the first-week average of 68%, according to BofA.
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A weak housing market could deliver rate cuts and rescue the Fed from Trump
Toward the end of the year, the housing market may become a bigger deal for inflation than tariffs – Comerica Bank chief economist Bill Adams said.
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Law firms and banks turn to the courts to get M&A fees paid
Stablecoin company Circle is among the companies where deal fee agreements have become a point of dispute
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‘Fiscal populism’ is coming for central banks
When monetary policy is set to meet government budgetary needs, these institutions become piggy banks
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Bessent calls for probe into ‘entire Federal Reserve institution’
Treasury secretary is latest top Trump administration official to criticise the US central bank