USTreasury

Bessent Nominated for US Treasury: Wall Street Reacts to Fiscal Hawk’s Appointment

1 month ago

In a notable development within the financial landscape, President Biden has nominated the highly regarded market strategist, Bessent, to serve as the next Treasury Secretary. This decision has sparked a flurry of reaction across Wall Street, particularly given Bessent’s reputation as a fiscal hawk, indicating a possible shift in the government’s economic strategy moving forward.

Warsh's Appointment as Treasury Leader: A Promising Future for Fed Autonomy

1 month ago

In a recent commentary, renowned economist Mohamed El-Erian has expressed confidence in the capabilities of Kevin Warsh as the newly appointed leader of the U.S. Treasury Department. El-Erian emphasized that Warsh will uphold the Federal Reserve's autonomy, which is particularly crucial amid the ongoing economic challenges faced by the nation.

U.S. Treasury Issues Cautionary Note on New Cross-Border Payment Systems

1 month ago

The U.S. Treasury Department has recently raised alarms regarding the potential risks associated with newly emerging cross-border payment systems. This warning comes in light of the growing popularity and implementation of various digital payment technologies worldwide, which are fundamentally reshaping the financial landscape.

CME Seeks Yellen's Guidance in Race for US Treasury Market Supremacy

2 months ago

The Chicago Mercantile Exchange (CME) is making significant moves as it aims to secure its position at the forefront of the U.S. Treasury market. In a strategic initiative, CME has turned to former U.S. Treasury Secretary Janet Yellen, seeking her expertise and insight to navigate the complex and highly competitive landscape of U.S. Treasury securities trading.