Monday, 9 February 2026
US Treasury Secretary Scott Bessent stated that the Federal Reserve will not rush to shrink its balance sheet, emphasizing a cautious approach to monetary policy adjustments under Fed Chair Jerome Powell. Bessent highlighted that the Fed's balance sheet, which expanded significantly during the global financial crisis and the Covid-19 pandemic, will be adjusted deliberately.
Former President Donald Trump has endorsed the $6.2 billion merger between Nexstar Media and Tegna, stating that it could enhance competition in the media landscape and reduce the influence of what he terms 'Fake News.' The merger, which would allow Nexstar to acquire Tegna's 64 stations and reach approximately 80% of U.S. households, is currently under review by the Federal Communications Commission (FCC). Trump's support aligns with Nexstar CEO Perry Sook's argument that the acquisition is essential for local journalism to thrive amid increasing competition from digital platforms.
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