Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve.
Bessent's focus on 10-year US Treasury yield may let Fed off the hook
The Trump administration's emerging focus on long-term Treasury bond yields may show growing sensitivity to market constraints that could impede President Donald Trump's economic plans, while also getting the Federal Reserve out of his direct line of fire.
The Treasury Secretary Says Trump Wants Long-Term Rates to Fall—It May Take a While
Key Takeaways Treasury Secretary Scott Bessent said President Donald Trump is looking for longer-term interest rates to fall. Bessent said in an interview Thursday that Trump's policies should influence those longer-term borrowing costs to fall.
Bessent says Trump is focused on the 10-year Treasury yield and won't push the Fed to cut rates
The Trump administration is more focused on keeping Treasury yields low rather than on what the Fed does, Treasury Secretary Scott Bessent said. Bessent indicated that Trump will not be hectoring the Fed to cut,
Trump and Bessent's focus on US10Y instead of fed rate 'the right approach'
U.S. President Donald Trump and his newly appointed Treasury Secretary Scott Bessent's focus on the benchmark 10-year Treasury yield and not the federal funds rate to bring down borrowing costs is the "right approach,
India cuts interest rates for the first time in five years
India's central bank has cut interest rates for the first time in nearly five years to counter slowing growth in Asia's third ...
Bernie Sanders, Josh Hawley introduce bill to cap credit card interest rates. What to know
Sen. Bernie Sanders of Vermont and Sen. Josh Hawley, a Republican from Missouri, introduced legislation to cap credit card ...
ECB's Centeno hopes key interest rate will drop to 2% sooner, not later
The European Central bank may need to cut interest rates below a neutral level to stimulate economic growth as inflation is ...
Savings, CD, and Checking Account Interest Rates Today: Earn Over 4% APY
Open a new bank account today and earn a top interest rate. Our experts have researched the best rates on checking, savings, ...
Would a 10% Credit Card Interest Rate Cap Be a Totally Good Thing for Consumers?
Factors like your debt-to-income ratio, your income and existing debt all influence the interest rate on your credit card.
Bank of England expected to cut key UK interest rate to 4.50%
The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday, even though ...
Josh Hawley, Bernie Sanders propose capping credit card interest rates at 10%
Senators Bernie Sanders and Josh Hawley introduced new legislation that would cap interest rates on credit cards at 10% to ...
Will home equity loan interest rates fall this February?
With the Fed pausing interest rates, prospective borrowers may be contemplating the short-term future of interest rates.
Bank of England cuts interest rates to 4.5% and slashes UK growth forecast
The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.
What is a composite loan for business? Know types, interest rates and other key details
Composite business loan offer funding for fixed capital investment and/or working capital requirement. Learn more about how ...
Sanders and Hawley introduce bill to cap credit card interest rates at 10%
Sanders and Hawley’s bill comes after President Donald Trump vowed in the 2024 race to temporarily cap credit card interest ...
India's central bank to cut rates to boost economy as inflation slows
India is expected to cut interest rates for the first time in nearly five years on Friday to provide stimulus to its sluggish ...