Bessent Says Fed Should Recalibrate After Revised US Data

Treasury Secretary Scott Bessent called on the Federal Reserve to change its policy stance after a government agency revised US jobs data to show weaker hiring in the year through March.

“They should, let’s see if they will,” Bessent said on Fox Business Tuesday when asked if the Fed should recalibrate. He cited famed economist John Maynard Keynes for saying “when the facts change, I change my mind — what do you do?”