U.S. Treasury Secretary Bescent hinted that Trump will not put pressure on interest rates
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According to Golden Finance, U.S. Treasury Secretary Scott Besent said he would not criticize the Federal Reserve Chairman and said the Trump administration is not concerned about whether the Federal Reserve will lower the benchmark policy interest rate. Given that Trump often criticized Fed Chairman Jerome Powell during his first presidency, Becente's remarks deserve attention. At that time, Trump often called for interest rate cuts and discussed the possibility of "firing" Powell. "I will not make any comments about monetary policy, I believe he will act correctly, so there will be no criticism," Becent said of Powell in an interview Thursday.