Saleha Mohsin

The US Treasury secretary must defend the Trump administration’s unpredictable economic agenda while maintaining investors’ faith in US bonds.

The president’s attacks on the Fed are pushing the world further off its American axis, as governments and investors lose confidence in the US dollar and bonds.

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, senior Washington correspondent Saleha Mohsin looks at how the trade war is shaking the foundation of US financial dominance. Sign up here and follow us at @bpolitics. Email our editors here.

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, senior Washington correspondent Saleha Mohsin looks at how the trade war is shaking the foundation of US financial dominance. Sign up here and follow us at @bpolitics. Email our editors here.

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, senior Washington correspondent Saleha Mohsin looks at how the trade war is shaking the foundation of US financial dominance. Sign up here and follow us at @bpolitics. Email our editors here.

US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will travel later this week to Switzerland for trade talks with China led by Vice Premier He Lifeng, seeking to de-escalate a tariff standoff that has threatened to hammer both economies.

US officials seeking to negotiate trade deals around the world are not working to include currency policy pledges in the agreements, according to a person familiar with the matter.

American exporters would benefit from the currency’s drop, but consumers could feel a pinch.

Treasury Secretary Scott Bessent said there could be “several large” trade deals announced in the next couple of weeks, adding that he expects Trump administration officials will meet with their Chinese counterparts again in-person to negotiate those tariffs.

A growing chorus of advisers inside and outside the Trump administration are pushing another name to serve as the next chair of the Federal Reserve: Treasury Secretary Scott Bessent.

The president’s economic agenda is dragging down the dollar and making it more difficult for the US to finance its deficits.

On today’s Big Take: the Director of the Congressional Budget Office on churning out economic forecasts from inside the center of a political storm.

As President Donald Trump and his advisers begin weighing replacements for Federal Reserve Chair Jerome Powell, they’re running into one significant complication: It’s not clear that Powell will leave the US central bank next year.

White House officials are preparing for President Donald Trump to nominate Council of Economic Advisers Chairman Stephen Miran to serve as a Federal Reserve governor, according to a person familiar with the search.

Federal Reserve Governor Christopher Waller is emerging as a top candidate to serve as the central bank’s chair among President Donald Trump’s advisers as they look for a replacement for Jerome Powell, according to people familiar with the matter.

America will have less geopolitical and economic leverage if investors and central banks hold more kinds of currency.

The Federal Reserve’s two vice chairs, Michelle Bowman and Philip Jefferson, and Dallas Fed President Lorie Logan are under consideration to serve as chair of the central bank when the position opens next year, according to two administration officials.

The Trump administration is reviewing options for exerting more influence over the Federal Reserve’s 12 regional banks that would potentially extend its reach beyond personnel appointments in Washington, according to people familiar with the matter.

The president is defying a consensus that powerful finance levers should be kept away from politicians as he seeks to take America’s monetary reins.

The institutions are longtime frenemies, and Trump could complicate their relationship even further.