Summary
- U.S. Treasury Secretary Scott Bessent said the Fed's board members are leaning toward rate cuts.
- Fed board member Miran said that inflation does not appear to be a problem.
- These remarks were reported as being interpreted as a signal that raises expectations for future interest rate declines.
U.S. Treasury Secretary Scott Bessent made remarks that gave weight to the possibility of a rate cut.
On the 25th (local time), according to the X (X·formerly Twitter) account Walter Bloomberg, U.S. Treasury Secretary Scott Bessent said, "members of the U.S. central bank (Fed·Federal Reserve) are leaning toward rate cuts."
Fed board member Miran also said that day, "inflation does not appear to be a problem."
