Treasury Secretary Bessent says Trump is “not calling for the Fed to lower interest rates”

Scott Bessent, president Donald Trump’s handpicked Treasury Secretary, put an end to the speculation during a Wednesday interview on Fox Business. The president is not pressuring the Federal Reserve to cut interest rates, Scott said. Instead, he claims that the administration’s focus is laser-locked on long-term borrowing costs, specifically the 10-year Treasury yield. “He and […] source: https://www.cryptopolitan.com/treasury-secretary-bessent-says-trump-is-not-calling-for-the-fed-to-lower-interest-rates/