Treasury Secretary Urges Wait-and-See on Rate Cuts Amid Iran Conflict
TL;DR
Treasury Secretary Scott Bessent said the Fed should wait and see before cutting rates, arguing the U.S. economy remains strong but inflation pressures from energy costs and geopolitical uncertainty from the Iran war warrant caution; he still expects eventual rate cuts and notes growth may not reach earlier optimistic projections, while also weighing in on topics from banking information rules to Fed nominations and AI cybersecurity.
Topics:businessworld-economy#economy#federal-reserve#inflation#interest-rates#iran-conflict#world-economy
- Exclusive / Bessent: US should ‘wait and see’ before lowering interest rates Semafor
- Bessent says Fed should 'wait and see' before lowering rates, Semafor reports Reuters
- Basset: It is wise for the Federal Reserve to observe the development of the Iran conflict. Bitget
- Trump Camp No Longer Insists on Rate Cuts, White House Rarely Chooses to Side With Fed. TradingKey
- U.S. Economy in the Shadow of Iran Conflict Devdiscourse
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