News

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 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 ...

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 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.

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 interest rates should be 150 to 175 basis points lower

Treasury Secretary Scott Bessent said interest rates are too high by 150 to 175 basis points in an interview with Bloomberg ...