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'Not going to fire him': Secy. Bessent shrugs off Trump’s attacks on Fed Chair Powell
Treasury Secretary Scott Bessent joins Morning Joe to defend President Trump’s aggressive trade strategy, insisting “who pays the tariffs is a choice” and claiming inflation will remain “very benign.” Bessent says manufacturers and retailers are absorbing costs—and that Trump “won’t fire” Fed Chair Powell,
Bond traders are boosting bets that the Federal Reserve will cut interest rates more aggressively next year, as speculation ...
Slashing government interest rates could have the paradoxical effect of raising the interest rates paid in the real world.
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