Federal Reserve Chair Jerome Powell may be breathing easier now that the Trump administration intends to focus on the 10-year Treasury yield, instead of rate cuts, to lower borrowing costs. But for ...
Treasury Secretary Scott Bessent said the Trump administration’s focus with regard to bringing down borrowing costs is 10-year Treasury yields, rather than the Federal Reserves ...
Scott Bessent stressed that Trump’s focus is on lowering the 10-year Treasury yield, not pushing the Fed for rate cuts. The "3-3-3" plan aims to cut the deficit to 3% of GDP, increase oil output by 3M ...