Bessent says Trump is focused on the 10-year Treasury yield and won't push the Fed to cut rates
While in the past President Donald Trump has implored the Fed to cut its benchmark rate, Bessent said Wednesday that the ...
NBC Chicago13d
Bessent says Trump is focused on the 10-year Treasury yield and won't push the Fed to cut rates
The benchmark the administration is using will be the 10-year Treasury, not the federal funds rate that the central bank controls, he added. "The president wants lower rates," Bessent said in an ...
Forex Factory13d
Bessent says Trump is focused on the 10-year Treasury yield and won’t push the Fed to cut rates
The Trump administration is more focused on keeping Treasury yields low rather than on what the Federal Reserve does, Treasury Secretary Scott Bessent said Wednesday. While in the past Trump has ...
Seeking Alpha12d
Watch The 2-Year Treasury Yield For Fed Cut Insights
There is a very clear correlation between the 2-year Treasury and the Fed funds rate, as this chart below shows: There is a lot of ebb and flow between these two rates, but there is one particular ...