Treasury Secretary Scott Bessent expects a substantial drop in inflation during the first six months of 2026, according to statements made Tuesday on Fox Business. Bessent indicated that an announcement regarding President Trump's Federal Reserve chair selection would likely come in early January, with "one or two more Fed interviews" possibly taking place this week. When discussing potential candidates, Bessent noted that both Kevin Warsh and Kevin Hassett are "very very qualified" for the position. He rejected suggestions that Hassett would lack agency at the Federal Reserve, while...
The Trump administration announced on Wednesday new sanctions targeting Russia's two largest oil companies, Rosneft and Lukoil, as part of efforts to pressure Moscow to end the war in Ukraine, which began with Russia's 2022 invasion. Treasury Secretary Scott Bessent stated, "Now is the time to stop the killing and for an immediate ceasefire," adding that the companies "fund the Kremlin's war machine." The sanctions also extend to dozens of their subsidiaries. Bessent emphasized that Treasury is ready to take further action to support President Trump's push to end the conflict and urged...
U.S. Trade Representative Jamieson Greer said he and Treasury Secretary Scott Bessent will head to Malaysia on Wednesday to meet with Chinese officials regarding what he called "very aggressive" and "disproportionate" measures Beijing has taken to curb rare earth mineral exports. Greer told CNBC's "Squawk Box" that a meeting between President Donald Trump and Chinese President Xi Jinping is still scheduled, but it would be a mutual decision if the meeting takes place on the sidelines of an economic conference in South Korea next week. Trump is scheduled to travel to Kuala Lumpur for the...
Shutdown pemerintah AS sudah masuk hari ke-22 (22 Oktober 2025), menjadikannya kedua terpanjang dalam sejarah. Di Senat, pemungutan suara untuk membuka kembali pemerintahan sudah 11 kali gagal, sehingga kebuntuan makin panjang. Presiden Donald Trump menyatakan baru akan bertemu pimpinan Demokrat setelah pemerintah dibuka kembali, sementara kubu Republik mulai mengakui bahwa perlu ada RUU pendanaan sementara (CR) untuk keluar dari situasi ini. Dampaknya makin terasa ke layanan publik penting. Lembaga peradilan federal mulai merumahkan (furlough) pegawai karena dana cadangan habis;...
The U.S. government shut down much of its operations on October 1 after Republicans and Democrats failed to reach an agreement to extend funding past the end of the federal fiscal year on September 30. The closure has shut off the flow of key economic data at a moment of uncertainty among policymakers and investors about the health of the U.S. job market, the trajectory of inflation and the strength of consumer spending and business investment. The federal agencies responsible for indicators of U.S. economic activity, including the Bureau of Labor Statistics, Bureau of Economic Analysis...
U.S. President Donald Trump said Monday he expects to reach a "fair trade deal" with Chinese President Xi Jinping and downplayed fears of conflict over Taiwan, even as tensions linger. Trump told reporters he did not believe China intended to invade Taiwan but acknowledged the issue would likely come up during their meeting next week on the sidelines of an economic conference in South Korea. However, U.S. Trade Representative Jamieson Greer struck a tougher tone later in the day, accusing Beijing of a "broader pattern of economic coercion" against companies making strategic investments in...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...