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The Fed and the US economy

Ongoing coverage of Fed rate decisions, what Fed officials say, the fight over Fed independence, and US jobs, inflation and Treasury yield data, updated daily.

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Federal Reserve

Administration

What they said

What the key figures said on the record, as reported.

  • Scott Bessent
    Bessent urges Fed to keep an ‘open mind’ on US inflation outlook

    Treasury Secretary Scott Bessent said Federal Reserve policymakers should remain open-minded about interest rates, arguing that productivity gains from artificial intelligence and deregulation will help keep US inflation under control.

    BBloomberg News 2026-09-27 21:05

  • Scott Bessent
    Rep. Waters Presses Bessent on Inflation, Iran and Tariffs

    US Representative Maxine Waters sharply criticizes Treasury Secretary Scott Bessent during testimony before a House Finance panel, blaming the administration’s tariffs, trade disputes and Iran policy for higher prices and rising borrowing costs.

    BBloomberg Television 2026-09-15 15:26

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