🚨 FED NEWS: BESSENT URGES CAUTION ON RATE POLICY
U.S. Treasury Secretary Scott Bessent says Federal Reserve policymakers should keep an “open mind” on interest rates, arguing that rising productivity from AI, tax cuts and deregulation could support stronger economic growth without creating additional underlying inflation.
Bessent also pointed to stronger U.S. economic activity and said productivity gains could change the traditional relationship between economic growth and inflation.
📊 Markets will be watching closely for how this affects future Fed rate expectations.
U.S. Treasury Secretary Scott Bessent says Federal Reserve policymakers should keep an “open mind” on interest rates, arguing that rising productivity from AI, tax cuts and deregulation could support stronger economic growth without creating additional underlying inflation.
Bessent also pointed to stronger U.S. economic activity and said productivity gains could change the traditional relationship between economic growth and inflation.
📊 Markets will be watching closely for how this affects future Fed rate expectations.
