The administration has, until now, been consistently (and I think unwisely) pushing for steep cuts in the interest rates that the Federal Reserve most influences. Now Treasury Secretary Scott Bessent is sounding a different note. From Semafor:

“Do I think rates should be lowered? Eventually. I think now that we have to wait and see,” Bessent told Semafor Editor-in-Chief Ben Smith. “But I think as we went into January [and] came out of........

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