ManuelRD
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#FOMCWatch
Bessent: Discussions to replace Powell are scheduled.
Bessent: It is up to the Fed to decide on rates; discussions to replace Powell are scheduled for the fall.
U.S. Treasury Secretary Scott Bessent stated in an interview with CNBC that decisions on interest rates depend on the Federal Reserve (Fed). He added that if the Fed does not cut rates in July, "perhaps a rate reduction in September will be greater."
KEY QUOTES:
UNDERSTANDING THE TRADE AGREEMENT WITH VIETNAM IS FINISHED IN PRINCIPLE
TARIFFS COULD LEAD TO A ONE-TIME PRICE INCREASE
WE WILL SEE MORE TRADE AGREEMENTS
COUNTRIES MUST BE CAREFUL, THEIR RATE COULD RETURN LIKE A BOOMERANG TO THE RATE OF APRIL 2.
Bessent: Discussions to replace Powell are scheduled.
Bessent: It is up to the Fed to decide on rates; discussions to replace Powell are scheduled for the fall.
U.S. Treasury Secretary Scott Bessent stated in an interview with CNBC that decisions on interest rates depend on the Federal Reserve (Fed). He added that if the Fed does not cut rates in July, "perhaps a rate reduction in September will be greater."
KEY QUOTES:
UNDERSTANDING THE TRADE AGREEMENT WITH VIETNAM IS FINISHED IN PRINCIPLE
TARIFFS COULD LEAD TO A ONE-TIME PRICE INCREASE
WE WILL SEE MORE TRADE AGREEMENTS
COUNTRIES MUST BE CAREFUL, THEIR RATE COULD RETURN LIKE A BOOMERANG TO THE RATE OF APRIL 2.
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