Trump Pushes Growth Agenda as Bessent Defends Bond Buys and Warsh Faces Fed Pressure
· World · CNBC, Yahoo Finance
US President Donald Trump is pushing for faster economic growth even as new Federal Reserve Chairman Kevin Warsh reportedly signals caution on monetary policy. Treasury Secretary Scott Bessent has defended the department's decision to increase US bond purchases last month, responding to criticism from investor Stanley Druckenmiller. Trump separately unveiled a plan to lower US gasoline prices, citing claimed control over 65 billion barrels of Venezuelan oil reserves and plans to meet refiners to expand domestic capacity; average US pump prices stood at $4.08 per gallon on Monday, roughly 30% higher than a year earlier. Experts warned the Venezuela deal will not lower prices soon, as the country's oil infrastructure requires around $180 billion of investment by 2040 to restore peak production, with current output near 1.2 million barrels a day versus a late-1990s peak of 3.5 million. Trump also vowed to hit Iran "hard" after Tehran said it launched attacks on two US bases in Jordan, whi
Why it matters
Clashing signals from the White House and the Fed could move US Treasury yields, the dollar, and oil prices, with ripple consequences for emerging markets like India that import crude and watch Fed decisions closely for capital-flow impact.
Read the original report — CNBC
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.