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Treasury Secretary Scott Bessent once listed two homes as his 'principal residence'
Bloomberg today reports that US Treasury Secretary Scott Bessent once listed two different properties as a 'primary residence' at the same time. It's the same thing that the US President is using to try to justify the firing of Fed Governor Lisa Cook. On Sept. 20, 2007, he agreed that a seven-bedroom Georgian manor he was buying in Bedford Hills, New York, would be his “principal residence” over the next year. On the same day, he made the same residency pledge about a beachfront house in Provincetown, Massachusetts. Bloomberg highlights that there are differences in that Bessent's loans were with the same lender ... (full story)
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From federalreserve.gov|Sep 17, 2025|106 commentsRecent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment have risen. In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4 to 4‑1/4 percent. In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective. FOMC STATEMENT COMPARE: pic.twitter.com/6gTcajtaKz One dissenter: Voting against this action was Stephen I. Miran, who preferred to lower the target range for the federal funds rate by 1/2 percentage point at this meeting. FED SAYS DOWNSIDE RISKS TO EMPLOYMENT HAVE RISEN
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- Sep 17, 2025 11:23am Posted byEntertainment615.6K
