US Treasury Chief Says Fed Should Not Hike Rates Too Much
The US Treasury chief said the Federal Reserve should not raise rates too much.
Story updates
01:27:21 PM UTC
SquawkNews
Treasury Secretary Scott Bessent told CNBC that the US Federal Reserve should have an open mind and not hike rates too much, saying on Friday the "energy shock" was tied to the Iran war and that the underlying economy was very strong.