Scott Bessent's interest rate: Trump once again mocks the Fed, Scott Bessent says it's time to lower interest rates
Trump administration pushes for interest rate cuts
“We see two-year interest rates now below the Fed's funding rate,” Bessent said in a FOX business interview. “This is a market signal they think the Fed should cut,” he added.
As of Thursday, fiscal yields in the past two years were 3.56%, significantly lower than the effective federal funding rate that has been ongoing since February, according to business insiders.
According to the report, the Trump administration focuses on interest rates as it hopes to reduce borrowing costs for consumers.
Donald Trump's ongoing criticism of Jerome Powell
While the U.S. president continues to criticize Powell, he said: “I think I'm much better than he knows about interest rates than he actually uses interest rates. We should have interest rates drop.”
Fed policy meeting is fast
According to business insiders, the Fed's next policy meeting will be held on May 7, with few investors predicting the hub for interest rate outlook. According to the report, according to the CME FedWatch tool, market forecasts that June will be the earliest date for a possible tax reduction.
Watch for 10 years of gains
Bessent noted that he and Trump closely monitored fiscal earnings for 10 years to assess the health of the economy, according to business insiders. According to him, when yields soared violently in early April, it was because Wall Street agencies revoked their Treasury positions and reported: “It turned out to be some over-leveraged market players.
FAQ
Why is the Trump administration pushing for lower interest rates?
They believe this will reduce the cost of borrowing for consumers and boost the economy.
Who sets the Fed's interest rate?
The Federal Reserve is led by Jerome Powell.
