Reported about 6 hours ago
Following Moody's downgrade of the US credit rating, Treasury yields surged, prompting responses from the Trump administration and Federal Reserve officials. President Trump disagreed with Moody's assessment, highlighting ongoing global confidence in US investments, while Treasury Secretary Scott Beson described the downgrade as a lagging indicator. Federal Reserve members, including Raphael Bostick and Philip Jefferson, noted the potential implications for prices and economic stability, emphasizing the need to monitor the situation closely.
Source: YAHOO