Bessent suggests Fed should hold off on rate cuts for now amid war uncertainty
The Treasury chief's comments come as President Donald Trump has pressed the Fed for more than a year to dramatically lower borrowing costs.
AOL
Bessent OK with Fed holding off on interest rate cuts at next meeting
Treasury Secretary Scott Bessent on Tuesday shared no objections to the Federal Reserve holding off on cutting interest rates at its meeting later this month amid economic turbulence and the Iran war.
Reuters
Bessent says core inflation is going down, Fed will need to cut rates
WASHINGTON, April 14 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said he was quite confident that core inflation would continue to go down in the United States despite the Iran ‌war, ...
Scott Bessent changes his position on interest rates
The Treasury secretary said Fed officials should "wait and see" what impacts the Iran conflict has on the economy before cutting.