Bessent says Trump is focused on the 10-year yield, won’t push Fed to cut rates

U.S. Secretary of the Treasury Scott Bessent speaks, at the White House, in Washington, U.S. February 3, 2025. Elizabeth Frantz | ReutersThe Trump administration is more focused on keeping Treasury yields low rather than on what the Federal Reserve does, Treasury Secretary Scott Bessent said Wednesday.While in the past Trump...

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Fed Vice Chair Jefferson advocates remaining cautious on rates as policy drama unfolds

Philip Jefferson speaks during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, D.C., U.S., on Feb. 3, 2022. The U.S. Senate on Wednesday voted overwhelmingly to confirm Philip Jefferson, an economist and Davidson College's dean of faculty, to the Federal Reserve Board.Ken Cedeno | Bloomberg...

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PCE inflation December 2024:

Customers shop for food at a grocery store on Jan. 15, 2025 in Chicago, Illinois.Scott Olson | Getty Images News | Getty ImagesInflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central bank's target.The personal consumption...

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