Reported 2 days ago
Treasury Secretary Scott Bessent stated that President Trump is prioritizing the reduction of 10-year Treasury yields to ease borrowing costs, rather than seeking Fed interest rate cuts. This marks a change from Trump's previous criticisms of the Fed, as Bessent emphasized that the administration is fostering a favorable environment for bond traders. While Trump aims to lower energy prices through increased fossil fuel production, it's uncertain whether these efforts will effectively impact energy costs, especially as OPEC has rejected boosting oil output.
Source: YAHOO