Fed

Treasury Secretary Bessent says more Fed rate cuts are 'only ingredient missing' for stronger economy

U.S. Treasury Secretary Scott Bessent speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. Aaron Schwartz | Reuters Treasury Secretary Scott Bessent on Thursday pressed the administration’s desire for lower interest rates, saying they are theRead More →

NY Fed President Williams says some 'technical factors' distorted November's CPI reading downward

New York Federal Reserve President John Williams said Friday that “technical factors” likely distorted November’s inflation data, pushing the headline reading lower than it otherwise would have been. “There were some special factors or practical factors that really are related to the fact that they weren’t able to collect dataRead More →