"Pivotal Moments: Treasury Secretary Bessent Shapes US Economic Vision with 'America First' Agenda"

Listeners, here is the very latest on Scott Bessent, the current United States Secretary of the Treasury, whose actions in the last few days have sent waves through financial and political circles. According to reporting from the Wall Street Journal and several financial publications, Scott Bessent played a pivotal role in heading off a dramatic move by President Trump to fire Federal Reserve Chair Jerome Powell. White House officials have confirmed that Bessent strongly advised the president against removing Powell, stressing that the move could have destabilized markets, triggered legal problems, and created a damaging political fight at the height of an election cycle. Bessent’s argument convinced the president while reminding him that Powell's term ends in less than a year. He leaned on the fact that the Federal Reserve had already signaled interest rate cuts and that launching a high-profile battle over central bank leadership would undermine investor confidence.Multiple senior officials confirm that Trump had been voicing frustration over Powell’s perceived reluctance to lower interest rates, which Trump believes are essential to managing federal debt and economic momentum. However, Bessent cautioned that firing Powell so close to the end of his term could lead to chaos, including a drawn-out lawsuit and a potentially leaderless Fed, especially since Congress is out of session for much of August. Influential senators have also publicly warned that any move against Powell would likely not gain support in the Senate and could set a dangerous precedent for central bank independence.Alongside this political drama, Bessent unveiled the much-anticipated GENIUS Act, a landmark stablecoin and digital dollar bill signed into law by President Trump. This new law sets out the first federal regulatory framework for stablecoins, allowing the United States dollar to be issued and used on blockchain technology. Bessent stated that integrating the dollar into digital currencies marks a revolution in both digital finance and payments infrastructure. He emphasized that the GENIUS Act brings crucial regulatory clarity that could help stablecoins grow into a multitrillion-dollar industry. The act also aims to cement the dollar’s place as the global reserve currency in the coming age of digital finance, with Bessent highlighting its potential to expand economic access worldwide and drive demand for U.S. Treasuries.Despite concerns raised by some experts over the risks tied to stablecoins, including the need for adequate reserves and the threat of financial instability, Bessent is committed to ensuring robust safeguards. He argues that blockchain payments, free from traditional intermediaries, will strengthen financial market stability and broaden global participation in the dollar economy.Financial analysts have responded quickly to these shifts. Cryptocurrency markets, including both bitcoin and Ethereum, saw surges in trading volume and price in the hours following the bill's passage, as investors anticipated new institutional interest and regulatory certainty in the digital asset space. Bessent's visibility and influence as Treasury Secretary have never been higher, with betting markets now listing him as one of the top prospects for any future changes in Federal Reserve leadership, though President Trump maintains he is happy keeping Bessent at Treasury for now.Thank you for tuning in and be sure to subscribe. This has been a quiet please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOta

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Treasury Secretary Scott Bessent has made headlines over the past few days for his decisive involvement in two major financial stories shaping the United States economy. According to The Wall Street Journal and echoed by The Standard in Hong Kong, Bessent is credited with convincing President Donald Trump not to fire Federal Reserve Chair Jerome Powell. This intervention followed weeks of speculation after the president had repeatedly expressed frustration with Powell and signaled a serious consideration of his dismissal due to disagreements over interest rate policy and the pace of prospective rate cuts. Behind the scenes, Bessent reportedly told the president that removing Powell, who has less than a year left in his term, would unsettle financial markets, prompt legal and political battles, and undermine the independence of the nation's central bank. Several Republican senators, including John Thune, reiterated that markets desire an independent Federal Reserve, further supporting Bessent’s stance. These conversations played out as the economy contracted slightly in the early part of 2025, with markets already wary of political instability and inflation staying above the two percent target, largely due to tariffs and elevated import activity.At the same time, Bessent led a significant step forward in the evolution of U.S. digital finance. On July 19, 2025, he announced the passage of the Guiding and Establishing National Innovation for U.S. Stablecoins, or GENIUS Act, signed into law by President Trump. Multiple sources, including Daily Hodl and AINvest, detail how this legislation brings the U.S. dollar onto blockchain rails. The law delivers strict regulatory standards for banks and approved issuers, aiming to secure the dollar’s dominance as a global reserve currency by unleashing a new, internet-native payment rail that is immediate and free from traditional intermediaries. Bessent described the act as revolutionary for digital finance, highlighting stablecoins’ potential to expand access to the U.S. dollar while bolstering global demand for U.S. Treasuries. The legislation grants long-awaited legal clarity for stablecoins, making the U.S. market particularly attractive for both institutional and retail investors. In immediate reaction, major cryptocurrencies such as Bitcoin and Ethereum posted notable gains, signaling a rush of optimism around U.S. regulatory clarity. While the move has sparked debate about financial risk and the need for robust reserve management, Bessent insists regulatory guardrails will ensure stability even as digital innovation accelerates.Listeners, these rapid developments underscore Bessent’s central role in steering both traditional and digital aspects of American finance at a moment of great political and economic uncertainty. Thank you for tuning in and remember to subscribe. This has been a quiet please production for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOta

20 Heinä 3min

Scott Bessent, the current United States Secretary of the Treasury, has been at the center of several major economic and political developments this week. Most notably, Bessent confirmed in an interview with Bloomberg Television that the Trump administration has formally launched the search for a new Federal Reserve chair to potentially replace Jerome Powell. Bessent explained that a thorough process is underway and that multiple qualified candidates are being considered both from within and outside the Federal Reserve. This development follows sustained criticism from the Trump administration toward Powell, especially regarding his reluctance to cut interest rates over the past several Federal Open Market Committee meetings. According to Bloomberg, while Bessent is not currently viewed as the top candidate to lead the Federal Reserve, both he and National Economic Council Director Kevin Hassett have emerged as possibilities. Former President Trump has stated on several occasions that he does not intend to fire Powell, but has publicly pressured him, especially regarding a controversial proposed 2.5 billion dollar renovation at the Federal Reserve headquarters. Some critics, including William J Pulte, chair of the Federal Housing Finance Agency, have even called for a congressional investigation into Powell’s actions and statements about the project.In another headline, Bessent plays a leading diplomatic role this week. Jiji Press reports that on Friday he will meet with Japanese Prime Minister Shigeru Ishiba in Tokyo. The meeting is highly anticipated as it takes place just ahead of Japan’s House of Councillors election and with the United States poised to enact reciprocal tariffs on August first. Prime Minister Ishiba is expected to advocate for Japan’s interests and hopes to find common ground on these tariff negotiations. Bessent is also visiting Japan to attend the United States national day at the World Exposition in Osaka.Domestically, Bessent has also commented extensively on major legislation that impacts millions of Americans. The Finance Committee reports that Bessent is a prominent supporter of the One Big Beautiful Bill, which greatly expands tax relief for low and middle income seniors. The bill includes a six thousand dollar bonus exemption for seniors and permanent lower tax rates for American families and job creators. Bessent asserts that these changes will increase economic growth, improve lives across the country, and reinforce key social programs by cutting waste and fraud.Thank you for tuning in and do not forget to subscribe. This has been a quiet please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOta

17 Heinä 2min

Scott Bessent, currently serving as United States Secretary of the Treasury, has been at the center of several major developments over the past few days, according to multiple reports from Bloomberg, The Mortgage Point, and Jiji Press. Most notably, Secretary Bessent confirmed in an interview with Bloomberg Surveillance that a formal process is now underway to identify a successor to Federal Reserve Chairman Jerome Powell. Bessent stated there are many strong candidates both inside and outside the Federal Reserve, though he declined to comment on whether he is under consideration himself. He added that it would be confusing for Powell to remain at the Fed after his term as chair ends, though President Trump has repeatedly said he does not plan to fire Powell, according to The Mortgage Point.While President Trump, speaking to Bloomberg, described Bessent as a very good candidate for Fed chair, he also indicated that Bessent is not the top contender at the moment and is well-suited to his current role as Treasury Secretary. Bessent has emerged as a possible candidate for Fed chair, alongside National Economic Council Director Kevin Hassett. There is no legal barrier preventing the Treasury Secretary from also leading the Federal Reserve, but such a move would be unprecedented in modern US history, as reported by The Mortgage Point.On the international front, Bessent is leading a high-profile delegation to Japan, where he is scheduled to meet with Japanese Prime Minister Shigeru Ishiba on Friday, according to Jiji Press. The meeting comes at a critical moment, just before Japan’s House of Councillors election and ahead of a Washington-imposed deadline for new reciprocal tariffs set to take effect August 1. Prime Minister Ishiba is expected to press for a breakthrough in tariff negotiations, aiming to secure a mutually beneficial deal. Bessent is visiting Japan to attend the United States national day event at the World Expo in Osaka on Saturday.Domestically, Secretary Bessent has been vocal in supporting the recently passed One Big Beautiful Bill, which delivers significant tax relief to low- and middle-income seniors, including a six thousand dollar bonus exemption that could offset federal taxes onFor more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOta

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US Treasury Secretary Scott Bessent has been at the forefront of several key developments in economic policy over the past few days, with headlines focusing on his comments about US inflation, upcoming leadership changes at the Federal Reserve, and international trade negotiations. During a recent interview with Bloomberg Television, Bessent addressed current inflation challenges, reiterating the administration's commitment to balancing price stability with growth, and highlighting ongoing efforts to monitor market dynamics closely.One major story making waves is the formal process now underway to identify a successor for Jerome Powell as Federal Reserve Chair. Bessent confirmed that he is part of the decision-making team in this search and emphasized that, while he is involved in the discussions, President Trump holds the final say. When pressed about the possibility of him being considered for the Fed Chair position, Bessent stated that he is happy in his current role as Treasury Secretary and remains focused on executing the administration’s economic agenda.Trade relations have also been in the spotlight. Bessent commented on ongoing negotiations with both China and the European Union, noting that the administration is evaluating the potential impact of tariffs and that any new trade deal will weigh market reaction as a critical factor. This signals a pragmatic approach in leveraging tariffs as policy tools, while carefully considering broader economic repercussions.Looking to the technology sector, Bessent discussed the influence of major US tech companies, specifically mentioning companies like Nvidia, in overall market performance and inflation trends. He acknowledged the role that rapid technological advancement continues to play in driving US productivity and global competitiveness.Throughout these discussions, Bessent’s tone has reflected continuity and measured optimism. He assures listeners that fiscal policy decisions remain rooted in data while keeping an eye on major economic indicators and external risk factors. Bessent’s participation in high-level deliberations about the next Fed Chair, his remarks on trade negotiations, and his insight into inflation dynamics offer valuable signals on the direction of US financial policy.Thank you for tuning in and remember to subscribe. This has been a quiet please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOta

15 Heinä 2min

In recent days United States Secretary of the Treasury Scott Bessent has been in the spotlight for his critical role in the new US United Kingdom trade agreement which was reached in June and announced publicly over the weekend. According to CNBC TV18 the trade pact was described by Secretary Bessent as a smart move by the United Kingdom which he said acted swiftly to clinch a fair and durable agreement with the United States. The deal notably slashes US tariffs on key British exports including a reduction in tariffs for UK auto exports from twenty seven point five percent to ten percent for up to one hundred thousand vehicles per year and removes Trump era tariffs on British civil aerospace aircraft. UK quotas for certain American agricultural products will also increase.Bessent praised the UK trade team and Prime Minister Keir Starmer for proactive negotiations with President Trump who signed an executive order providing these tariff exemptions and reliefs. In a post on social media Bessent emphasized that countries engaging in earnest and good faith negotiations with the United States can secure powerful outcomes correcting longstanding trade imbalances.France twenty four reports that Bessent has become a high profile member of President Trump’s trade negotiation team advocating for pauses and exemptions in tariffs as a means to achieve mutually beneficial deals. He has advised other American trading partners to approach trade negotiations with urgency making clear that with President Trump often the earliest deal makers receive the most favorable terms. This message has been reinforced in various recent public statements and has shaped how several countries are approaching ongoing talks with Washington.Bessent has also commented on the consequences of failing to reach deals warning that tariffs could quickly return or even escalate if partners do not secure timely agreements. According to The Hill last week Bessent explicitly stated that tariff rates could boomerang back to higher levels should negotiations falter or deadlines be missed. This approach places significant pressure on allies and trading partners to act decisively.Economically the impact of these negotiations has been immediate as US customs duties have surpassed one hundred billion dollars for the first time in a single financial year. This record reflects both the increased trade flow under new deals and the continuing effects of the Trump administration’s tariff strategies.Thank you for tuning in and be sure to subscribe. This has been a Quiet Please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOta

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Over the last several days, Treasury Secretary Scott Bessent has made headlines with a series of moves shaping both United States economic policy and international trade relations. On July ninth, Bessent announced that the US is on track to collect more than three hundred billion dollars in tariffs this year. He referenced a Congressional Budget Office report that estimated tariff collections at two point eight trillion dollars over the next decade. However, Bessent stated that these agency estimates are likely too low. According to the Monday Daily Treasury Statement, one hundred twenty four billion dollars in customs duties had already been collected this fiscal year. This jump in revenue is linked to the new ten percent universal tariffs and recently introduced reciprocal tariffs targeting countries that maintain barriers against American products. President Trump initially imposed a ninety day pause on these tariffs, but extended the deadline to August first. In his latest executive order, Trump made it clear there would be no further extensions beyond that date. Countries that do not reach a deal with the US by then will receive letters confirming they will be subject to tariffs as high as forty percent, a move expected to further boost customs collections. Bessent stated that negotiations continue with eighteen critical trading partners, which cover most of America’s trade deficit, and suggested several major trade announcements are likely in the coming days.Bessent has also focused on global security issues. On July ninth, the Treasury took decisive action against Iran’s illicit financial networks by designating twenty two entities across Hong Kong, the United Arab Emirates, and Turkey for their roles in facilitating Iranian oil sales that benefit the Islamic Revolutionary Guard Corps Qods Force. Bessent emphasized that Iran relies on shadow banking systems to offset US sanctions, enabling the regime to fund nuclear ambitions and regional proxies. Treasury’s actions are the second wave of sanctions this summer targeting Iran’s covert financial structure.On the diplomatic front, Scott Bessent has been selected to lead the United States delegation to the World Expo in Osaka, Japan, scheduled for July nineteenth, according to a White House announcement. This high-profile international event offers opportunities for economic dialogue with key Pacific partners. In recent days, Bessent also met with King Abdullah of Jordan at the Sun Valley Conference, further underscoring the Treasury Secretary’s active role in shaping US foreign policy.Listeners, thank you for tuning in, and remember to subscribe. This has been a quiet please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOta

10 Heinä 2min

Scott Bessent, the Secretary of the Treasury, has been in the spotlight recently for his comments on the One Big Beautiful Bill Act, which was signed into law on July 4. The bill includes significant tax code changes, such as an increase in the State and Local Tax deduction and a bump in the Social Security income tax deduction. Bessent has expressed confidence that the bill will stimulate growth, saying it will make America "affordable again." He believes that the revenue generated from this growth will outpace any increased spending caused by the bill, thus reducing the national debt over time.Regarding tariffs, Bessent has warned foreign nations without trade agreements by August 1 that they will face tariffs enacted in April. The administration plans to make several trade-related announcements soon, indicating ongoing efforts to negotiate trade deals.There have also been discussions about the possibility of Bessent serving as both Treasury Secretary and Federal Reserve Chair, although this is unprecedented and would require legal adjustments. The White House has denied the rumors, but Bessent has expressed support for lowering interest rates.Thank you for tuning in. Be sure to subscribe for more updates. This has been a quiet please production, for more check out quiet please dot ai.For more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOta

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