Bessent Signals Possible Rate Cuts, Trade Deals, and Debt Control Ahead

U.S. Treasury official Bessent said inflation is now “very tame,” and there could be a possible interest rate cut in the near future. He noted that the Federal Reserve made a “gigantic mistake” in 2022 by raising rates too aggressively. When asked about the speculation over becoming the next Fed Chair, Bessent responded, “I’ll do … Continue reading Bessent Signals Possible Rate Cuts, Trade Deals, and Debt Control Ahead