US Treasury Secretary Basent hinted that the Trump administration will not pressure the Federal Reserve on interest rates."
According to online reports, U.S. Treasury Secretary Scott Bessant said he would not criticize the Federal Reserve chairman and said the Trump administration is not concerned about whether the Federal Reserve will cut its benchmark policy rate. Given Trump's frequent criticism of Federal Reserve Chairman Jerome Powell during his first term as president, Besent's remarks are noteworthy. At the time, Trump often called for interest rate cuts and explored the possibility of "firing" Powell. "I will not comment on monetary policy, I believe he will do it right, so there will be no criticism," Besent said of Powell in an interview on Thursday.
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