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Finance Minister Bessent says Trump "Not Calling for Fed Rate Cut"
Scott Bessent, the Finance Minister of President Donald Trump, strongly rejected speculation that the government is pressuring the Federal Reserve to cut interest rates. Speaking in an interview on Fox Business, Bessent emphasized that Trump and his team are focusing on long-term borrowing costs instead of adjusting short-term interest rates. Shift in Focus: Yield on 10-year Treasury Bonds versus Fed Rate Cuts Although Trump previously declared, "I will ask for l