Trump’s Focus on 10-Year Yield: No Pressure on Fed for Rate Cuts, Says Bessent
U.S. Treasury Secretary Scott Bessent announced that the Trump administration is focusing on keeping Treasury yields low rather than relying on the Federal Reserve’s actions. In a recent interview, he emphasized that the administration is targeting the 10-year Treasury yield, which is crucial for various loans and mortgages. Bessent stated that instead of pressuring the ...
