Bessent Says He’s Not Pushing Fed Cuts, Just Touting Models

US Treasury Secretary Scott Bessent said he isn’t calling for a series of interest-rate cuts from the Federal Reserve, just pointing out that models suggest a “neutral” rate would be about 1.5 percentage points lower.

“I didn’t tell the Fed what to do,” Bessent said Thursday in an interview on Fox Business, referring to his comments a day before about how the central bank “could go into a series of rate cuts here.”