Bessent suggests Fed should hold off on rate cuts for now amid war uncertainty
The Treasury chief's comments come as President Donald Trump has pressed the Fed for more than a year to dramatically lower borrowing costs.
AOL
Bessent OK with Fed holding off on interest rate cuts at next meeting
Treasury Secretary Scott Bessent on Tuesday shared no objections to the Federal Reserve holding off on cutting interest rates at its meeting later this month amid economic turbulence and the Iran war.
Bessent Pushes Fed to Cut Rates, but Understands War Clouds Picture
The Treasury secretary also weighed in on global growth and China at an event Tuesday.
Reuters
Bessent says core inflation is going down, Fed will need to cut rates
WASHINGTON, April 14 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said he was quite confident that core inflation would continue to go down in the United States despite the Iran ‌war, ...
Goldman Sachs delays Fed cut outlook to December 2026 as Iran war drives US inflation
May 11 (Reuters) - Goldman Sachs has pushed back its forecast of U.S. Federal Reserve rate cuts to December 2026 and March 2027 from its previous outlook of cuts in September and December this year, ...