Scott Bessent cools on interest rate cut during Iran war: ‘Wait and see’

Source: Washington Examiner · Bias: Center Right

Summary

Treasury Secretary Scott Bessent said the Federal Reserve is “doing the right thing by sitting and watching” to see how the war in Iran affects the U.S. economy before cutting interest rates. Bessent’s comments mark a pivot in the way the Trump administration is approaching interest rates, after historically putting pressure on the Federal Reserve […]

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Scott Bessent cools on interest rate cut during Iran war: ‘Wait and see’
Washington Examiner

Scott Bessent cools on interest rate cut during Iran war: ‘Wait and see’

Center Right

Treasury Secretary Scott Bessent said the Federal Reserve is “doing the right thing by sitting and watching” to see how the war in Iran affects the U.S. economy before cutting interest rates. Bessent’s comments mark a pivot in the way the Trump administration is approaching interest rates, after historically putting pressure on the Federal Reserve […]