Vance, Bessent questioned tech giants on AI security before Anthropic's Mythos release ⊖
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3 days ago
Bessent and Fed Chair Jerome Powell separately met with the heads of the biggest U.S. banks to address the potential cyber threat of Anthropic's Mythos.
Powell, Bessent discussed Anthropic's Mythos AI cyber threat with major U.S. banks ⊖
Anthropic rolled out the new Mythos AI model to a select group of companies over concerns that hackers could exploit its capabilities.
Bessent, Powell warned bank CEOs about Anthropic model risks: Reuters ⊖
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Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an meeting with bank CEOs to warn of cyber risks posed by Anthropic's AI.
19 days ago
Bessent discussed ways to recast ties between Fed and Treasury in BoE’s image ⊖
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a story from Financial Times ✅ › Financial Times
Conversations come at time when Donald Trump has launched assault on US central bank
22 days ago
Middle East crisis live: IEA chief says Iran war energy crunch worse than 1970s oil crises and Ukraine war combined ⊖⊖⊖
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a story from The Guardian ⚠️ › International
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Fatih Birol says world is losing 11m barrels of oil per day, more than the 1973 and 1979 energy shocks combined; IRGC threatens to completely close strait of Hormuz if Trump acts on infrastructure th…
25 days ago
Middle East crisis live: Netanyahu suggests need for ‘ground component’ in Iran war ⊖⊖⊖
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a story from The Guardian ⚠️ › International
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Israeli prime minister says you can’t ‘do revolutions from the air’ and that ‘there has to be a ground component as well’ amid growing signs of tensions between Israel and US
Iran says it will show ‘z…
Trump administration may unsanction some Iranian oil as energy prices spike, Bessent says ⊖
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a story from Politico EU ✅ › Politico EU
The Treasury secretary said the Trump administration has several “levers” to pull as war in the Middle East roils oil markets.
28 days ago
Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so ○
Bessent addressed rumors that the Treasury Department or some other arm of government might step in to try to lower oil prices.
40 days ago
U.S. crude oil retreats for the first session since Iran war began as Bessent pledges support ⊖
The oil market has calmed after President Donald Trump said the U.S. would insure tankers and provide naval escorts if necessary.
Bessent says global 15% tariff starts this week, move back to prior rates within 5 months ⊕
The Supreme Court last month ruled that President Donald Trump's sweeping global tariffs are not authorized under the law known as IEEPA.