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 Fed does, Treasury Secretary ...
The New York Times8d
Which Interest Rate Should You Care About?
The Fed’s short-term rates matter, but the main action now is in the 10-year Treasury market ... the federal funds rate. That’s what banks charge one another for borrowing and lending money ...
NBC New York15d
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 ...