Former Treasury Secretary Scott Bessent claims the Trump admin focuses on lowering long-term yields, not pressuring the Fed to cut rates.

Former Treasury Secretary Scott Bessent says the Trump administration aims to lower 10-year Treasury yields rather than push the Federal Reserve to cut short-term rates. The focus is on reducing inflation through increased energy supply and promoting economic growth through deregulation and tax cuts, rather than direct Fed intervention. The plan's impact on long-term borrowing costs and the broader economy remains unclear.

2 months ago
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