Add as a preferred source on GoogleBessent Says Core Inflation Remains Under Control, Blames Iran for Energy Shock
He said the United States would continue to pressure Iran and would not hesitate to sanction Iranian banks. He also said excessive rate hikes would be inappropriate as the energy supply shock nears an end.
U.S. Treasury Secretary Bessent said Friday that core inflation remains under control, Iran caused an energy shock and excessive rate hikes would be inappropriate as the shock nears an end.
Bessent said the United States would continue to pressure Iran and would not hesitate to sanction Iranian banks.
The comments echo Bessent’s earlier remarks on core inflation, when he said the Federal Reserve Board should remain open-minded.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.