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Bessent Urges Fed to Lower Rates by 150 Basis Points or More

I think we could go into a series of rate cuts here, starting with a 50 basis-point rate cut in September,” Bessent said in a ...

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 ...

Bessent says market expects Fed to cut rates this year: 'substantial probability'

Treasury Secretary Scott Bessent said financial markets are pricing in a high likelihood of the Federal Reserve cutting ...

Scott Bessent says Japan is ‘behind the curve’ on interest rates

US Treasury secretary Scott Bessent has said that Japan’s central bank is falling “behind the curve” on inflation and will ...

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 ...

Bessent says interest rates should be 150 to 175 basis points lower

Treasury Secretary Scott Bessent said interest rates are too high by 150 to 175 basis points in an interview with Bloomberg ...

Akazawa Says Bessent Isn’t Asking Japan to Hike Rates

Japan’s chief trade negotiator Ryosei Akazawa said US Treasury Secretary Scott Bessent isn’t directly asking Japan to hike ...