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 current strategy is using the levers of fiscal policy to keep rates low. The ...
NBC Washington15d
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 Factory15d
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 ...
FXStreet15d
US Treasury Sec Bessent: Focus is on bringing down 10-year Treasury yields than Fed’s key short-term rate.
US Treasury Secretary Scott Bessent said late Wednesday, the “focus is on bringing down 10-year Treasury yields, rather than the Fed’s benchmark short-term interest rate.” Failure to get the ...