Treasury Secretary Scott Bessent Advises Federal Reserve to Delay Interest Rate Cuts Amid Iran War Uncertainty
Treasury Secretary Scott Bessent advised the Federal Reserve to delay interest rate cuts due to uncertainty from the ongoing Iran war. He emphasized that the U.S. economy remained strong in early 2026, and recent inflation spikes, particularly in gas prices, are not expected to permanently alter consumer expectations. The Consumer Price Index showed a 3.3% year-over-year increase in March, the highest in nearly two years.
Topics: Federal Reserve Inflation Interest Rates Iran War Treasury Secretary