Summary
- Scott Besant, the US Treasury Secretary, reported that President Trump did not demand a rate cut from the Fed.
- According to Secretary Besant, President Trump and the Treasury Secretary are focusing on the 10-year Treasury yield.
- Recently, President Trump mentioned that he would urge the Fed for a rate cut.
It appears that Donald Trump, the President of the United States, did not urge the Federal Reserve (Fed) to cut interest rates.
According to the Kovace Letter on the 6th (local time), Scott Besant, the US Treasury Secretary, stated that "President Donald Trump did not demand a rate cut from the Fed."
Additionally, it is known that the current focus of the Treasury Secretary and Trump is on the 10-year Treasury yield. Meanwhile, just a few days ago, Trump mentioned that he would "urge the Fed to cut rates immediately."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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