Bessent urges Fed to hold rates during Iran conflict
Treasury Secretary Scott Bessent says the Fed should hold rates during the Iran conflict. He believes recent energy price hikes will not embed into inflation.
Xurve View
Insights:
Xurve View
United States Treasury Secretary Scott Bessent has advised that the Federal Reserve should maintain its current interest rate levels to evaluate the economic impact of the conflict in Iran. In an interview with Semafor, Bessent highlighted the resilience of the domestic economy during the first two months of the year, supporting the central bank's decision to monitor the geopolitical situation before making further policy adjustments.
