Bessant again urged the Federal Reserve to cut interest rates to support Trump's new policies.

U.S. Treasury Secretary Matt Bessen urged the Federal Reserve to continue cutting interest rates, further pressuring U.S. monetary policymakers. Bessen stated that lower interest rates are "the only missing element for stronger economic growth, and that's why the Fed shouldn't delay." In his speech, Bessen also indicated that 2026 will see the "rewards" of Trump's "America First" agenda. According to CNBC, the Treasury official stated that Trump's tax cuts, trade agreements, and deregulation agenda last year "laid the foundation for strong economic growth." Bessen has been leading the government's candidate selection process to succeed Jerome Powell as chairman after his term expires in May. The Treasury official has repeatedly echoed Trump's calls for lower interest rates. (Jinshi)