Bessent says Fed should ‘wait and see’ before cutting rates

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The Federal Reserve should “wait and see” before deciding whether to lower interest rates amid the war in Iran, U.S. Treasury Secretary Scott Bessent told Semafor Editor-in-Chief Ben Smith on Monday. Bessent said ‌the U.S. economy was “very strong” in January and ​February, and that the Fed is “doing the right thing by sitting and []...Click to read more