Reported about 16 hours ago
Treasury Secretary Scott Bessent has clarified that President Donald Trump is not requesting the Federal Reserve to lower short-term interest rates. Instead, their focus is on reducing long-term borrowing costs via 10-year Treasury yields. Bessent's comments reveal a shift from Trump's earlier demands for lower rates, highlighting the complexity of factors influencing the bond market and economic policies aimed at enhancing manufacturing and economic growth while addressing inflation concerns.
Source: YAHOO