Bessent: Hopefully we don't get a recursive Biden-flation

  • We’re very vigilant about inflation, it could happen again
  • Before we can bring down inflation, we also want to help affordability
  • As we bring down inflation, we want to bring the absolute price level down through deregulation and bringing down interest rates for house payments and car payments

Another 10% in the stock market and a recession would do plenty to bring down interest rates.

This article was written by Adam Button at www.forexlive.com.

Source link

Get RawNews Daily

Stay informed with our RawNews daily newsletter email

Bessent: Hopefully we don't get a recursive Biden-flation

Senate Dems brace to vote for a bill they hate — to block Elon Musk

Teddi Mellencamp Recalls ‘Wild’ Lead-Up to Brain Tumor Discovery

Lutnick releases statement after meeting Canadian officials (spoiler, it doesn’t say much)