‘Barron’s Roundtable’ panel members Jacob Sonenshine, Teresa Rivas and Andrew Bary discuss three topics that investors must be on.
Rates will reset at the original April levels of President Donald Trump If countries do not close a new deal with the US by 1 August, Treasury Secretary Scott Bessent said Sunday.
“Is it fair to say that there is a bit of a break on the deadline of July 9 for some of these trading partners?” Asked Brasem.
“I don’t think it’s a bit of a break, because I think there is what happened, there is a lot of congestion in the house and, as part of the trade team, which is great about having President Trump on our side is that he has created maximum leverage,” Bessent said.
New projection indicates good news for families, employees in Trump’s ‘Big, Beautiful Bill’
Treasury Secretary Scott Bessent says that he expects progress on trade agreements before August. (Andrew Harnik / Getty Images / Getty images)
“By telling our trading partners that they could return Boomerang to the date of 2 April, I think it will really move things in the coming days and weeks,” he added.
The comments from Bessent are amidst speculation that Trump can dismiss the Federal Reserve chairman Jerome Powell and be able to appoint berrous instead.
In the last escalation in the feud between Trump and Powell, the president appeared To call Powell to resign Last week, after the head of the Federal Housing Finance Agency (FHFA), Powell claimed “deceptively” testimony to the congress.
Federal Reserve Board chairman Jerome Powell is in a fight with President Donald Trump. (Alex Wong / Getty Images / Getty images)
Bream printed on Bessent whether he is taken into account for the role on Sunday and asks how effectively he thinks Trump would take publicly seizure.
“I am a basketball fan. And in basketball there are two schools of working on the referees. There is the Bobby Knight School and the Dean Smith School. And of course, President Trump is more at the Bobby Knight School. And I will tell you, Bobby Knight has won the ref. answered berry.
President Donald Trump can be seen in the Oval Office in the White House in Washington DC, 27 June 2025. (Reuters / Ken Cedeno / Reuters -photos)
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“We have many great candidates for the Federal Reserve. I think I have the best job in Washington. I can communicate with the president. The cabinet he has chosen is fantastic, and being part of that cabinet is the dream of a life for me. But I will go where the president I am most suitable,” said Bavens.
