Category : Search result: Kenneth Bessent


US Fed Rates Spark Housing Recession: Bessent

Prominent economist Kenneth Bessent reveals how aggressive US Federal Reserve interest rate hikes have potentially triggered a housing market downturn, with global implications for homebuyers and investors.

US Slams China's Rare Earth Export Curbs as 'Mistake'

US Treasury's Scott Bessent calls China's rare earth metals export restrictions a 'real mistake' that could backfire, potentially accelerating global efforts to find alternatives and reduce dependency.

Fed 'Stuck in Past' Says Treasury Official

US Treasury official Andy Bessent criticizes Federal Reserve's communication strategy, saying their language shows they're behind the times in economic approach.

Trump Orders Nuclear Testing to Counter China, Russia

Former President Trump's directive to restart nuclear weapons testing signals major shift in US defense policy as Scott Bessent warns America trails China but will catch up following Russia's recent trials.

Top 5 Contenders to Replace Fed's Jerome Powell

As Jerome Powell's term nears its end, speculation intensifies about his potential successor. Scott Bessent reveals five frontrunners for the most powerful economic role in America.

US-China Trade Breakthrough: Major Framework Reached

In a significant diplomatic breakthrough, the US and China have reached a substantial framework agreement to de-escalate trade tensions, avoiding potentially devastating 100% tariffs and a rare earth export clash that threatened global supply chains.

NY Prison Guard Convicted in Inmate Death Case

In a landmark verdict, former NY prison guard Kenneth Dean faces up to 10 years for inmate death while two colleagues acquitted. The case highlights prison accountability.

IMF, World Bank Urged to Get Tough on China

Top US official Paul Bessent demands international financial institutions take stronger stance against China's economic policies and lending activities in developing nations.

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