Bessent Urges Fed to Keep ‘Open Mind’ on U.S. Inflation Outlook

Bessent Urges Fed to Keep ‘Open Mind’ on U.S. Inflation Outlook

Treasury Secretary Scott Bessent said Federal Reserve policymakers should keep an “open mind” on interest rates, arguing that productivity gains from artificial intelligence and deregulation will help keep U.S. inflation in check.

Sunday Talks - Treasury Secretary Scott Bessent Explains "Acceleration Phase" of MAGAnomic Policy

Treasury Secretary Scott Bessent appears on Sunday Morning Futures now hosted by Larry Kudlow who has replaced Maria Bartiromo.  The primary topic of the conversation is the current state of the economy. Secretary Bessent notes we have entered the phase of prior policy implementation where the economy now accelerates growth based on former policy changes […]

Bessent tells the Fed AI productivity gains mean it can ease up on rate hikes

Treasury Secretary Scott Bessent argued on September 27 that AI productivity gains and deregulation should let the Fed ease off further rate hikes, days after the Fed raised rates to 4% and most officials signaled more increases ahead. Bank stocks have fallen 8.4% since the hike and the 30-year Treasury yield hit its highest level since 2004.