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The Treasury Markets Room preparing to defend its Bloomberg Terminal:

The gold market attracts a lot of fringe ideas, and a recent one — that the US should revalue its gold stockpiles — has gripped Wall St The idea isn’t under serious consideration among US President Donald Trump’s top economic advisers, per Bloomberg bloomberg.com/news/articles/…

Democratic Senators Warren, Wyden and Reed accuse Bessent of providing “inaccurate or incomplete information” regarding the access that DOGE had to the payment systems bloomberg.com/news/articles/…

It’s no secret that President Donald Trump wants to dismantle the global economic order. Less clear is what he’ll try to build in its place — and Wall Street has turned to Stephen Miran for clues bloomberg.com/news/articles/…

Trump team tests job seekers loyalty w/ questions: - Would you be willing to serve as a spokesperson for mass deportations? - Who won the 2020 presidential election? - Which Trump policy do you disagree with? Story w/ Nancy Cook annmarie hordern bloomberg.com/news/articles/…

NEWS: Trump admin will nominate Michelle Bowman as the Fed’s vice chair for supervision as soon as today, I’m told bloomberg.com/news/articles/…

It’s a busy week at the Fed. Big Take DC host Saleha Mohsin sits down with former official Randy Quarles to discuss regulation, DOGE and Trump’s approach to the Fed. 🎙️ Listen now: trib.al/FAIHuzQ

Trump’s newly-confirmed Chair of the White House Council of Economic Advisers thinks tariffs won’t necessarily cause short-term pain, and the dollar needs to weaken. He sat down with Saleha Mohsin to talk through his views. trib.al/6PebmQ0

Republicans are weighing the creation of a new bracket for those earning $1 million or more to offset some of the costs of their tax bill, a stark departure from decades of GOP opposition to tax increases, ⁦⁦Nancy Cook⁩ and I report bloomberg.com/news/articles/…

Bessent wasn’t the primary driver of the tariff announcement. He used his role in Oval Office meetings to lay out scenarios for markets and the economy based on different tariff levels. Story w/ Dawn Lim + Katherine Burton bloomberg.com/news/articles/…

Trump officials are debating the merits of creating a new exporter tax credit Neither Trump nor Bessent have been formally briefed on the plan, and the idea has divided the administration’s economic team w/ Nancy Cook bloomberg.com/news/articles/…

President Trump's tariffs triggered wide market fallout. But they weren't the maximalist option. Peter Navarro pushed for more internally, sources say - including one option: 25% across the board. Reporting w/ Saleha Mohsin, annmarie hordern, Craig Torres, Jennifer A. Dlouhy, Nancy Cook.

Bessent Emerges as Wall Street Man-of-the-Hour Trade Negotiator Smart read by our awesome Treasury reporter, Daniel Flatley bloomberg.com/news/articles/…

Bessent is walking a proverbial tightrope, obligated to defend Trump's economic agenda while maintaining investors’ faith in US bonds Bloomberg's essay of the week: bloomberg.com/news/articles/…

Trump's attacks on the Fed are pushing the world further off its American axis, as investors lose confidence in the US dollar amid trade wars bloomberg.com/news/features/…

MOHSIN: The U.S. has been able to impose a lot of geopolitical and foreign policy strength around the world because of just how large the U.S. economy is and all of the pillars that underpin that economy. Saleha Mohsin

The Treasury Secretary and US Trade Representative are scheduled to travel to Switzerland this week. During their meeting, they will meet with their Chinese counterparts and are expected to start trade talks. Via ⁦Saleha Mohsin⁩ Catherine Lucey bloomberg.com/news/articles/…

SCOOP: US officials are *not* pushing for a weaker dollar in tariff talks, I am told bloomberg.com/news/articles/…

Asked about a currency pact in the works, Miran told me: "We're not secretly at work on any of this. There's nothing there."

On today’s Big Take podcast, Bloomberg’s Saleha Mohsin Nancy Cook and David Gura discuss exclusive new reporting on Trump’s plan to replace Fed Chair Jay Powell and how Scott Bessent ended up a contender  bit.ly/4mWmOPS