Treasury Secretary Bessent's Pivotal Role in Averting Fed Chair Ouster, Unveiling Landmark Stablecoin Bill

Scott Bessent, the Secretary of the Treasury, has been at the center of several major news stories over the past few days. In a high-profile interview with CNBC, Bessent dramatically increased pressure on the Federal Reserve, calling for a sweeping investigation into the central bank’s effectiveness and operations. His demands, as reported by both CNBC and Fortune, have intensified the ongoing debate between the Trump administration and Fed Chair Jerome Powell. Bessent likened the proposed probe to safety reviews in other federal agencies and suggested that if the Federal Reserve were an airline regulator with as many perceived mistakes, a root-cause investigation would be inevitable. He openly questioned whether the Fed’s economists have delivered on their mission, pointing to what he describes as an intellectual inflexibility at the central bank.Bessent’s criticism of the Federal Reserve also comes as he challenges the institution’s stance on inflation tied to tariffs. He claimed that the Fed has engaged in fear-mongering over President Trump’s tariff policies, yet the inflation data for June showed annual inflation at 2.7 percent, a figure he regards as proof that the dire warnings from central bank officials have not materialized as predicted. This comes amid speculation over whether President Trump will move to replace Jerome Powell, with Bessent refusing to say whether he has urged against the removal but confirming that a search for a successor is ongoing.In parallel with his focus on monetary policy, Bessent has championed digital asset innovation. Following the signing of the GENIUS Act by President Trump, Bessent issued a statement highlighting how stablecoins will create a fast and frictionless digital payment rail for the dollar. He argued that this move not only supports the dollar’s role as the primary global reserve currency but also opens up digital banking access to billions globally and increases demand for US Treasuries.Bessent also addressed regulatory issues concerning banks and financial innovation in a speech at the Federal Reserve Capital Conference. He outlined a vision for financial regulation that centers on growth and protection for community banks, rather than Wall Street. He emphasized protecting Americans from potential debanking for political or religious views and called for regulation that fosters innovation and aligns with national security interests. Notably, he stated that Treasury will break through policy inertia and settle interagency disputes to ensure efficiency and reform in the financial sector.On the regulatory front, the Treasury, under Bessent’s direction, announced the postponement of new anti-money laundering rules for investment advisors. The delayed implementation aims to reduce compliance burdens and allow for greater regulatory certainty as more tailored rules are developed.Thanks 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

22 Heinä 3min

Listeners in the past several days Scott Bessent as Secretary of the Treasury has emerged into the national spotlight with a strong and direct critique of the Federal Reserve. On Monday Treasury Secretary Bessent called for a sweeping investigation into the operations and effectiveness of the Federal Reserve. Speaking during a CNBC interview Bessent openly questioned whether the central bank has actually met its mandate. He argued that examining its performance is as necessary as the safety reviews in critical agencies like the Federal Aviation Administration. According to Bessent persistent inflation concerns cited by the Fed have not truly materialized and he believes the economic risks around current tariffs have been exaggerated. He pointed to recent data showing annual inflation at two point seven percent in June and noted that inflation rates have not spiked as previously feared by economists or the central bank.This campaign for a formal review comes amid continued discord between the Trump administration and Fed Chair Jerome Powell. President Trump has repeatedly called for rate cuts which Powell has resisted warning about overheating and inflation. While speculation has been swirling regarding Powell’s future Bessent was notably the first administration official to confirm that a process for Powell’s possible replacement was underway though he declined to say if he personally urged the president not to remove Powell.Turning to legislative action Bessent has also made headlines following the signing of the GENIUS Act by President Trump. In a statement he said stablecoins now represent a revolution in digital finance providing an internet native payment rail for the dollar. He argued that this could solidify the dollar’s role as the global reserve currency expand access for billions and create a surge in demand for US Treasuries which underpin these digital assets. Bessent described the GENIUS Act as a watershed moment for both digital assets and dollar dominance worldwide.Amid other regulatory moves the Treasury recently decided to postpone the implementation of new anti money laundering rules for investment advisers. The Financial Crimes Enforcement Network known as FinCEN will delay the rule’s effective date from January twenty twenty six to January twenty twenty eight in order to tailor the requirements to the sector’s varied risk profiles. Bessent’s Treasury stated that this delay is intended to reduce regulatory uncertainty while a broader review takes place in partnership with the Securities and Exchange Commission.In addition Bessent addressed ongoing US trade negotiations and expressed optimism regarding economic growth noting that recent legislative clarity is likely to fuel a wave of business investment and renewed productivity.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 aiFor more http://www.quietplease.aiGet the best deals https://amzn.to/3ODvOta

22 Heinä 3min

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

17 Heinä 2min

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

13 Heinä 2min