Bessent Says He and Trump Trust Fed Chair

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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.

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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.