The comments from the US Treasury Secretary come as trade war between the world's two biggest economies has escalated.

Donald Trump has been vocal in his criticism of Jerome "Jay" Powell, chairman of the Federal Reserve. What do his threats to ...

Bessent spoke to the Institute of International Finance as both the International Monetary Fund and World Bank held their ...

It devotes disproportionate time and resources to work on climate change, gender, and social issues,” Bessent said.

U.S. markets opened with big gains and clear signs of relief after President Donald Trump said he would not attempt to fire ...

Treasury Secretary Scott Bessent is attempting to pull Donald Trump back from the proverbial cliff by presenting his own ...

"The series of recent tariff announcements by the United States, and countermeasures by other countries have increased financial market volatility, weakened growth prospects, and increased risks," the ...

Donald Trump's tariff plans have increased the risks to public finances, the International Monetary Fund said Wednesday, ...

As economic uncertainty deepens worldwide, gold prices keep hitting record after record. That’s because interest in buying gold can rise sharply when anxious investors seek “safe havens” for parking ...

"Escalating geo-economic uncertainties could heighten debt risks, driving up public debt through increased expenditures, particularly in defense," the IMF said. "Demands for fiscal support could also ...

Treasury Secretary Scott Bessent will give remarks Wednesday morning on the global economy as part of the International ...

As part of the IMF forecasts, growth projections for the world’s richest countries in 2025 have been sharply reduced. In the ...