Bessent Foresees Lower Inflation and Calls for Rate Cuts
Treasury Secretary Bessent expects lower inflation and urged the Fed to cut rates. He also pushed for nominee Kevin Warsh to take over the central bank soon.
Xurve View
Xurve View
United States Treasury Secretary Scott Bessent expressed confidence on Tuesday that core inflation remains on a downward path, even as geopolitical tensions persist. Speaking in Washington, Bessent noted that he expects price pressures to ease despite the ongoing war involving Iran, while renewing his advocacy for the Federal Reserve to begin reducing interest rates.
