Tag: bessent
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US Treasury’s Bessent to skip IMF-World Bank meetings in Bangkok
DOHA, Oct 9 : US Treasury Secretary Scott Bessent will skip next week’s annual meetings of the IMF and World Bank in Bangkok, Thailand, due to domestic engagements, a US official said on Friday. The Treasury Department confirmed that Deputy Treasury Secretary Francis Brooke and Under Secretary for Internati
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Trump says Treasury’s Bessent will not be his AI czar
WASHINGTON, Sept 25 : Scott Bessent will not be Donald Trump’s AI czar, the Republican president said on Friday, adding that he wants his US Treasury secretary to remain in his current role. “Scott Bessent will not be going to be Super Intelligence (SI) Czar. Number One, he doesn’t want to. Number Two, he�
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US proposes AI safety mechanism in talks with China
US Treasury chief Scott Bessent said there had been “successful” talks with China on trade and AI. The talks come amid growing fears that AI could pose an existential threat to humanity.
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US and China discuss AI safety plan ahead of Trump-Xi summit
Top US and Chinese officials held talks in New York on Sunday ahead of a Trump-Xi summit this week.
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Japan warns against weak yen, stands ready to intervene
TOKYO, Sept 4 : Japan’s top currency diplomat, Atsushi Mimura, said on Friday he remained on alert to exchange-rate moves, maintaining a warning on Tokyo’s readiness to intervene in the market to combat excessive yen declines.The remark came despite the yen’s 2 per cent jump against the dollar on Thursday, as
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US eyes airlines, digital assets as Iran-related targets, Bessent says
WASHINGTON, Sept 2 : U.S. Treasury Secretary Scott Bessent on Wednesday said airlines, the maritime industry and digital assets could be possible targets as the Trump administration continues its planned efforts to squeeze Iran’s economy.Bessent, asked about Russian support for Iran in an interview on Fox New
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Bessent urges BOJ chief to combat weak yen with ‘decisive’ monetary steps
ASHEVILLE, North Carolina, Sept 1 : U.S. Treasury Secretary Scott Bessent voiced strong support for “decisive” monetary steps to combat yen weakness in a meeting with Bank of Japan Governor Kazuo Ueda, the Treasury Department said, cementing the case for a Japanese rate hike this month.In a meeting with Ueda,
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Bessent urges BOJ chief to conduct ‘sound’ policy to avoid yen volatility
ASHEVILLE, North Carolina, Sept 1 : U.S. Treasury Secretary Scott Bessent urged Bank of Japan Governor Kazuo Ueda to conduct sound monetary policy to anchor inflation expectations and avoid excessive yen volatility, the Treasury Department said, cementing the case for a Japanese rate hike this month.In a meet
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Analysis:Japan faces day of policy reckoning as Bessent calls time on big stimulus
ASHEVILLE, North Carolina, Aug 31 : When the U.S. joined Japan’s efforts to shore up the yen, it wasn’t for nothing. This week, U.S. Treasury Secretary Scott Bessent spelt out the terms: get busy on interest rate hikes and end outdated ideas about big economic stimulus.A month after a rare joint U.S.-Japan in
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Bessent expects Japan to take action to boost yen, signals BOJ rate-hike chance
ASHEVILLE, North Carolina, Aug 31 : U.S. Treasury Secretary Scott Bessent said he believes Japan’s government and central bank will take action that leads to a stronger yen, CNBC reported on Monday, signaling a strong chance of a Bank of Japan interest rate hike in September.The remarks followed those by Bess
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