Reported about 1 month ago
Treasury Secretary Scott Bessent highlighted that the Trump administration is concentrating on lowering 10-year Treasury yields rather than adjusting the Federal Reserve's short-term interest rates to reduce borrowing costs. In a Fox Business interview, he stated that addressing energy prices would be crucial for lowering inflation and improving economic optimism among consumers. He also reiterated the administration's goal to make the 2017 tax cuts permanent, emphasizing a program aimed at achieving economic growth through various measures.
Source: YAHOO