US Treasury Chief Says Fed Should Not Hike Rates Over Iran War Energy Shock
The Treasury chief’s view addresses how the energy shock should affect the Fed’s rate decisions.
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01:55:29 PM UTC
SquawkNews
US Treasury Secretary Scott Bessent said on Friday that the Federal Reserve should have an open mind and not hike rates because of an "energy supply shock" tied to the Iran war."I think the Fed should understand that this is an energy supply shock," while the underlying US economy is very strong, B…