US Treasury Chief Urges Fed to Avoid Rate Hikes
Treasury Secretary Scott Bessent stated the Federal Reserve should keep an open mind and avoid hiking interest rates due to an energy supply shock from the Iran conflict. He emphasized that the underlying US economy remains strong and policymakers should look ahead.
United States Treasury Secretary Scott Bessent said on Friday morning that the Federal Reserve should maintain an open mind and avoid raising interest rates in response to an energy supply shock. The warning arrives as policymakers weigh inflationary pressures tied to the ongoing conflict involving Iran against domestic economic indicators. The stance challenges expectations for monetary tightening as energy markets absorb geopolitical volatility.
