Gate News message, April 21 — Bessent, the nominee for Federal Reserve chair, stated he will operate independently from President Trump. He expressed uncertainty about Trump’s reasons for selecting him, noting that after divesting assets, he plans to reallocate funds into compliant assets as close as possible to short-term Treasury bills and cash.
Bessent emphasized that the Federal Reserve’s independence depends on the Fed itself, and observed that presidents typically favor interest rate cuts.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Fed Chair Nominee Barr Says Specific Balance Sheet Size Figures Not Yet Determined
Gate News message, April 21 — Barr, the nominee for U.S. Federal Reserve chairman, stated that specific figures for the balance sheet size have not yet been determined.
GateNews33m ago
Fed Chair Nominee Waller Favors Interest Rates as Primary Policy Tool
Waller says the economy is near full employment, favors rate cuts as the main policy tool, and sees balance-sheet reduction as counterproductive, advocating a gradual approach ahead of confirmation.
Abstract: In his remarks, Fed chair-nominee Christopher Waller argues the economy is near full employment and that interest rate cuts should be the primary policy tool, with rate adjustments benefiting more people. He notes that reducing the Fed's balance sheet has been counterproductive and should proceed gradually, signaling a priority shift toward rate policy ahead of potential confirmation.
GateNews53m ago
Precious Metals Decline While Oil Surges; BTC and ETH Volatility Indices Rise
Gate News message, April 21 — Gold prices fell to $4,770.90 per troy ounce with a daily decline of 1.03%, while silver dropped to $78.333 per troy ounce, down 1.71% for the day. Bitcoin volatility index (BVIX) rose to 44.23, up 1.12%, and Ethereum volatility index (EVIX) climbed to 68.40, gaining 1.
GateNews3h ago
Trump Says U.S. Should Always Maintain Lowest Global Interest Rates
Gate News message, April 21 — U.S. President Donald Trump stated that "the United States should always maintain the lowest global interest rates." Trump noted that interest rate adjustments have played a role in addressing inflation concerns.
GateNews3h ago
Fed Chair Nominee Kevin Warsh Defends Trump's Interest Rate Comments, Advocates for Fed Independence
Warsh argues for Fed independence while tolerating political discussion of rates; warns against climate/social-policy overreach and notes his tech ties could favor a tech-influenced policy shift.
Abstract: The article reports Kevin Warsh's Senate testimony after his nomination to chair the Federal Reserve, defending operational independence while allowing elected officials to voice views on rates. He emphasizes inflation as the primary objective and critiques Fed incursions into climate change and social policy. It also notes Warsh's Silicon Valley connections and wealth, suggesting a tech-forward perspective could influence future monetary policy as technology reshapes costs and policy considerations.
GateNews3h ago
Bank of Japan Flags Offshore Hedge Fund Deleveraging as Risk to Bond Market
Gate News message, April 21 — The Bank of Japan warned in its semi-annual Financial System Report that offshore hedge funds are gaining influence in Japan's bond market, flagging the risk that global deleveraging by foreign hedge funds could transmit shocks to the market through reduced liquidity an
GateNews6h ago
