Treasury Secretary Bessent Expects Sharp Inflation Drop Next Month, Urges Fed to Focus on the Future

Deep News11-15 23:49

U.S. Treasury Secretary Bessent made a series of remarks on the current economic situation.

On inflation, he pointed out that core inflation remains moderate and is already close to the Federal Reserve's target, and he expects the inflation rate to fall significantly next month.

Regarding monetary policy, Bessent warned the Federal Reserve against further tightening and called on it to "look forward rather than fixate on the past."

He stated that both President Trump and he himself are fully confident in Federal Reserve Chair Warsh's fulfillment of the dual mandate.

In addition, Bessent also mentioned the policy of economic pressure on Iran, saying it is "working," and predicted that due to natural gas shortages, Iran will face a difficult winter.

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