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.
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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.
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.
Don't count on rate cuts just yet: Warsh as Fed chair may not lead to big policy changes
President Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once ...