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Bessent says he and Trump trust Fed Chair Warsh after last week's rate hike, and expresses a view that rates should fall after the conflict — mixed signals on the policy rate path.
U.S. Treasury Secretary Bessent said on the 21st that he and President Trump continue to trust Federal Reserve Chairman Warsh, even after last week's rate hike. Speaking in an interview with CNBC, he expressed the view that interest rates should fall after the conflict.
Bessent says he and Trump trust Fed Chair Warsh after last week's rate hike, and expresses a view that rates should fall after the conflict — mixed signals on the policy rate path.
Comments on trusting the Fed chair and expecting rates to fall after the conflict give no clear directional signal for 10Y yields.