US Edition
Fed Faces a High Bar for Deep Cuts Despite Pressure From White House
Treasury Secretary Scott Bessent says a neutral interest rate is about 150 basis points below current levels but denies directing Federal Reserve policy decisions.
9 Articles
9 Articles
U.S. Treasury Secretary Scott Bessent said he is not asking for a series of interest rate cuts from the Federal Reserve, and merely pointed out that the models suggest that a “neutral” rate would be about 1.5 percentage points lower. “I didn’t tell the Fed what to do,” Bessent said Thursday in an interview with Fox Business, referring to his comments the day before about how the central bank “could implement a series of rate cuts here.” Bessent …
Treasury Secretary Scott Bessent pushes back on claims he’s pressuring the Fed to slash rates
Treasury Secretary Scott Bessent says he isn't in the business of giving the Fed marching orders, but his view that a neutral interest rate would be 150 basis points below the current level has fueled speculation over how soon and how far rates could be cut."I didn't tell the Fed what to do. What I said was that to get to a neutral rate on interest, that would be an approximately 150 basis point cut. I did not call for them to get there," he cla…
U.S. Treasury Secretary Scott Bessent, in an interview with Fox News on Thursday, made it clear that he's not asking the Federal for a series of cuts, but he's looking at...
Bessent Says He’s Not Pushing Fed Cuts, Just Highlighting Models
US Treasury Secretary Scott Bessent said he isn’t calling for a series of interest-rate cuts from the Federal Reserve, just pointing out that models suggest a “neutral” rate would be about 1.5 percentage points lower.
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- 60% of the sources lean Right
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