Scott Bessent

Bessent says US allies in Gulf, Asia requested swap lines

Federal Reserve maintains open lines with a handful of peers

The Clarity Act aims to create federal rules for digital assets, the culmination of years of crypto industry lobbying.

Scott Bessent urges Congress to pass crypto regulation bill

Crypto companies have long argued that existing rules are inadequate for digital assets

Scott Bessent has argued that tanker traffic in the Gulf region is starting to pick up – and will only increase in the coming days.

Bessent says Hormuz ships insurance programme to start soon

The Trump administration has already taken action to blunt prices and address some concerns about oil supply

“It’s my strong belief that the tariff rates will be back to their old rate within five months,” US Treasury Secretary Scott Bessent said.

Trump’s tariff hike to 15% likely this week, Bessent says

The Treasury chief also plays down the risk to the oil market from the US and Israeli war against Iran

On Federal Reserve policy, Bessent says that he expects the central bank to move cautiously in any effort to trim its balance sheet.

Scott Bessent sees ‘unruly’ Chinese trading behind gold price swings

The turmoil has helped lift the US dollar to its first weekly gain since early January

The Fed vastly expanded its balance sheet during the global financial crisis and the Covid-19 pandemic to push down long-term interest rates.

US Treasury’s Bessent says Fed will take its time on balance sheet moves

[WASHINGTON] US Treasury Secretary Scott Bessent said on Sunday he would not expect the Federal Reserve to move quickly to shrink its balance sheet, even under Fed chief nominee Kevin Warsh, who has c...

Canada's Prime Minister Mark Carney speaks during the 56th annual World Economic Forum meeting in Davos, Switzerland, Jan 20, 2026.

Canada’s Carney walked back Davos comments in call with Trump, US treasury chief says

World leaders and industry chiefs had given Carney a standing ovation for his speech

The yen crossed the key 158-yen-per-dollar mark for the first time in about a year.

Japan finance minister says US Treasury’s Bessent shares concerns about weak yen

JAPAN’S Finance Minister Satsuki Katayama said she and US Treasury Secretary Scott Bessent shared concerns over what she called the yen’s recent “one-sided depreciation”, as Tokyo stepped up threats o...

US Treasury Secretary Scott Bessent expressed optimism nations will pursue “prudent derisking over decoupling,” and that they understand the need to remedy current deficiencies in critical minerals supply chains.

US urges partners and allies to increase critical minerals supply chain resiliency

[WASHINGTON] US Treasury Secretary Scott Bessent held a meeting on Monday with ministers from different US partners and allies “to discuss solutions to secure and diversify supply chains for critical ...

US treasury secretary Scott Bessent speaks during an Economic Club of Minnesota event in Golden Valley, Minnesota, Jan 8, 2026.

Bessent worried more about loss of leverage than revenue if Trump loses Supreme Court case

[GOLDEN VALLEY, Minnesota] US Treasury Secretary Scott Bessent on Thursday said he was confident in the ability to reconstitute any lost tariff revenue by imposing duties under other legal authorities...