Bescent: Disappointed that Powell did not specify a rate cut target
2025-09-24 13:45:53
The US Treasury secretary expressed disappointment that Federal Reserve Chairperson Jerome Powell did not clearly set an agenda for rate cuts. Mr. Bethan said the current limits were too high and needed to be lowered, and expressed surprise that Mr. Powell had not signalled a target of at least 100-150 basis points by the end of next year. Mr. Powell said the Fed must consider the risks of a weak labour market and rising inflation in future decisions.
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