President Donald Trump is facing blowback from inside his administration over the Justice Department’s investigation into Federal Reserve Chair Jerome Powell. Treasury Secretary Scott Bessent confronted Trump in a tense call late on Sunday,

Treasury Secretary Scott Bessent is not happy with the Justice Department's criminal investigation into Federal Reserve Chairman Jerome Powell, multiple sources told ABC News, warning it creates an unnecessary distraction. Bessent conveyed those concerns directly to President Donald Trump in a call on Sunday, sources said.

U.S. Treasury Secretary Scott Bessent said Thursday that borrowing costs remain too much above the neutral rate, arguing most models suggest the policy rate should be over 100 basis points below the current 3.

"Benefits have been turned into businesses," Bessent said in an interview with conservative journalist Christopher Rufo and Lomez. When pressed on the prospect of fraud ranging between $300 billion and $600 billion, Bessent pointed to data from the Government Accountability Office.

Treasury Secretary Scott Bessent said Thursday that the Federal Reserve needs to do its part to boost investment in the economy and that interest rates should be substantially lower.

President Trump could announce his choice to lead the Federal Reserve later this month, Treasury Secretary Scott Bessent said Thursday. Bessent told the Economic Club of Minnesota that Trump hasn’t yet interviewed the last of four finalists under consideration,

Treasury Secretary Scott Bessent reveals Trump has one final interview before naming the next Federal Reserve chair, with decision expected by month's end.

U.S. Treasury Secretary Scott Bessent on Friday said the goal of the Trump administration's launch of mortgage-backed securities purchases is to roughly match the rate at which those bonds are rolling off the Federal Reserve's balance sheet.