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News

Fed, Scott Bessent and Treasury Secretary

Los Angeles Times · 4h
Bessent says he’s not pushing Fed cuts, just touting models
U.S. Treasury Secretary Scott Bessent said he isn’t calling for a series of interest-rate cuts from the Federal Reserve, just pointing out that models suggest a “neutral” rate would be about 1.5 percentage points lower.
UPI · 3d
Treasury Secretary Bessent wants the Fed to lower its lending rate
The current Federal Reserve interest rate is significantly higher than necessary and should be lowered, Treasury Secretary Scott Bessent said on Wednesday.
Fox Business on MSN · 2d
Treasury Secretary Scott Bessent pushes back on claims he’s pressuring the Fed to slash rates
Treasury Secretary Scott Bessent clarifies he's not directing the Fed after suggesting neutral interest rates should be 150 basis points below current levels.
2don MSN

Bessent outlines the qualities he's looking for as he vets Trump's Fed shortlist

Treasury Secretary Scott Bessent shares what characteristics he is looking for as he interviews candidates to succeed ...
2don MSN

Fed cut seen near certain after inflation data, Bessent comments

The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed U.S. inflation ...
2don MSN

Market Voices: Bessent clarifies Fed comments, pharma tariffs, Target

Treasury Secretary Scott Bessent clarified on Thursday that he wasn't pushing the Federal Reserve to cut interest rates by ...

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