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Bessent Says US Inflation to Ease, Fully Confident in New Fed Chair
2026-06-24 09:52:00 US Treasury Secretary Scott Bessent said he is confident in new Federal Reserve Chair Kevin Warsh, expecting Warsh to adjust the path of inflation and economic growth forecasts, and believed inflation will ease as tensions in the Iran conflict subside. When asked whether Warsh would face pressure from US President Donald Trump to cut interest rates, Bessent stressed that Trump has made it clear that the Fed will continue to maintain its independence. Bessent said Trump understands that the bond market destroys governments more than artillery, clearly hinting at the political consequences brought about by rising long-term borrowing costs triggered by inflation. Bessent added that he therefore believes Trump has full confidence in the Fed Chair to do the right thing. ~ AASTOCKS Financial News Website: www.aastocks.com | |