According to online reports, U.S. Treasury Secretary Bessant said that the Trump administration's focus in reducing borrowing costs is on the yield of the 10-year U.S. Treasury note, rather than the Federal Reserve's benchmark short-term interest rate. When asked if U.S. President Trump wanted to lower interest rates, Bessent said in an interview with Fox Business Channel: "He and I are both focused on the 10-year Treasury note." "He's not calling on the Fed to lower interest rates." Bessent reiterated his view that by expanding energy supplies, inflation would be reduced. He said that for working Americans,"energy prices are one of the most reliable indicators of long-term inflation expectations for them." Besent also said that about the Fed,"I will only talk about what they have done, not what I think they should do from now on." He said 10-year Treasury yields climbed after the Federal Reserve "sharply cut interest rates." (Jin Shi)