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Bessent Urges Fed to Lower Rates by 150 Basis Points or More

I think we could go into a series of rate cuts here, starting with a 50 basis-point rate cut in September,” Bessent said in a ...

Akazawa Says Bessent Isn’t Asking Japan to Hike Rates

Japan’s chief trade negotiator Ryosei Akazawa said US Treasury Secretary Scott Bessent isn’t directly asking Japan to hike ...

Bessent Says Interest Rates Should Fall by at Least 1.5 Percentage Points Over Time

Treasury Secretary Scott Bessent said interest rates should be substantially lower than they are now, and he believes there ...

Bessent calls for steep interest rate cuts

Treasury Secretary Scott Bessent said Wednesday that short-term interest rates should be between 1.5 percentage points and 1.75 percentage points lower than their current level, keeping up the ...

Scott Bessent says Japan is ‘behind the curve’ on interest rates

US Treasury secretary Scott Bessent has said that Japan’s central bank is falling “behind the curve” on inflation and will ...

Bessent says market expects Fed to cut rates this year: 'substantial probability'

Treasury Secretary Scott Bessent said financial markets are pricing in a high likelihood of the Federal Reserve cutting ...

Bessent’s Rebuke to BOJ’s Cautious Approach Sends Yen Higher

US Treasury Secretary Scott Bessent criticized the Bank of Japan’s cautious approach to raising interest rates, saying it was ...

Bessent says BOJ is 'behind the curve' on inflation, likely to hike rates, in Bloomberg interview

The Bank of Japan will likely be raising interest rates as it is behind the curve in dealing with the risk of inflation, U.S.
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Scott Bessent Says Interest Rates Should Be 150-175 Basis Points Lower: Report

Treasury Secretary Scott Bessent reportedly said on Wednesday that the Federal Reserve’s benchmark borrowing rates should be at least 150 to 175 basis points lower. In an interview with Bloomberg, ...

Japanese Yen Could Rise Further on Rate-Rise Speculation

The yen rose against the dollar and has room to rise further after U.S. Treasury Secretary Scott Bessent suggested the BOJ should raise interest rates.