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Bessent walks back rate cut remarks: 'I didn't tell the Fed what to do'

U.S. Treasury Secretary Scott Bessent clarified Thursday he is not calling for interest-rate cuts by the Federal Reserve, ...

Bessent Says He’s Not Pushing Fed Cuts, Just Touting Models

US Treasury Secretary Scott Bessent said he isn’t calling for a series of interest-rate cuts from the Federal Reserve, just ...

Bessent outlines Trump administration plans for tariffs, housing crisis and Fed chairman selection

U.S. Treasury Secretary Scott Bessent, in a wide-ranging interview on 'Mornings with Maria,' weighs in on President Donald ...

Fed's Daly says big rate cut in September not needed in rebuff to Bessent

Short-term U.S. government bonds are underperforming longer-duration Treasurys after San Francisco Fed President Mary Daly ...

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 ...

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 ...

Bessent's calls for Fed rate cuts lure buyers to bond market, send yields lower

U.S. government debt was rallying on Wednesday, pushing yields lower across the board, as traders assessed Treasury Secretary ...

Bessent says Trump Fed appointments will 'change the narrative' on monetary policy direction

President Trump's looming changes to the Federal Reserve are "going to change the narrative," Treasury Secretary Scott ...

Why a jumbo Fed rate cut in September would ‘come across as panicky’

Treasury Secretary Scott Bessent says the Federal Reserve should drastically slash rates. Wall Street isn’t so sure.

Bessent Says Interest Rates Should Fall by at Least 1.5 Percentage Points Over Time

Treasury Secretary Scott Bessent said interest rates should be substantially lower than they are now, and he believes there ...

Dollar struggles as Fed rate-cut bets build, bitcoin soars to record

The U.S. dollar languished at multi-week lows versus major peers on Thursday as traders ramped up bets for the Federal ...

Bessent calls for steep interest rate cuts

Treasury Secretary Scott Bessent said Wednesday that short-term interest rates should be between 1.5 percentage points and 1.75 percentage points lower than their current level, keeping up the ...