Treasury Secretary Bessent did not answer when CNBC asked if Trump's announcement was "premeditated," or whether the Cabinet secretary knew about it in advance.
essent said the administration is attentive to market moves, he predicted that both the economy and markets would prosper over time.
Treasury Secretary Bessent did not answer when CNBC asked if Trump's announcement was "premeditated," or whether the Cabinet secretary knew about it in advance.
essent said the administration is attentive to market moves, he predicted that both the economy and markets would prosper over time.
Investors looking for Trump to use policy to stop the stock market from falling are likely to be disappointed, Bessent said.
Investors looking for Trump to use policy to stop the stock market from falling are likely to be disappointed, Bessent said.
Bessent on Thursday offered a full-throated defense of the White House's position on tariffs.
Bessent on Thursday offered a full-throated defense of the White House's position on tariffs.
From housing economist Tom Lawler: Treasury Secretary Wrongly Says Fed Has Been “Big Seller” of Treasuries
The Treasury secretary said the current strategy is using the levers of fiscal policy to keep rates low.