Bessent Says Future Fed Rate Hikes Wouldn't Necessarily Be a Mistake
Treasury Secretary Scott Bessent said he and President Trump have confidence in Fed Chairman Kevin Warsh's ability to balance the Fed's dual mandate. Bessent also said the Fed should keep an open mind about whether the energy supply shock is transitory.
Treasury Secretary Scott Bessent said he and President Trump have confidence in Fed Chairman Kevin Warsh's ability to balance the Fed's dual mandate of full employment and price stability. Bessent said the Fed should keep an 'open mind' regarding the transitory nature of the energy supply shock. Wh…