Golden Finance reported that U.S. Treasury Secretary Bescent said that the Trump administration’s focus on reducing borrowing costs is on 10-year Treasury yields, rather than the Federal Reserve’s benchmark short-term interest rate. "He and I are both focused on 10-year Treasury bonds," Becent said in an interview with Fox Business Channel. "He is not calling on the Fed to lower interest rates." Bescent reiterated his view that by expanding energy supply, inflation will be reduced. As far as working people in the United States is concerned, "energy prices are one of the most reliable indicators of long-term inflation expectations for them." Becent also said that with regard to the Fed, "I will only talk about what they have done," and Not what I think they should do from now on.” He said the 10-year Treasury yield climbed after the Fed’s “significant rate cut”. (Gold 10)