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U.S. Treasury Secretary Bessent Advocates for More Rate Cuts

1/8/2026

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Summary

Story summary

Scott Bessent, the U.S. Treasury Secretary, urged the Federal Reserve to continue cutting interest rates to boost economic growth in remarks for a Minneapolis speech.
He said lower rates are essential for stronger growth and should not be delayed, tying this to the U.S. President Donald Trump’s economic agenda.
The Fed has implemented three rate cuts while Bessent oversees selecting a new Fed chair as Powell's term ends in May.

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Story summary

Scott Bessent, the U.S. Treasury Secretary, urged the Federal Reserve to continue cutting interest rates to boost economic growth in remarks for a Minneapolis speech.
He said lower rates are essential for stronger growth and should not be delayed, tying this to the U.S. President Donald Trump’s economic agenda.
The Fed has implemented three rate cuts while Bessent oversees selecting a new Fed chair as Powell's term ends in May.