Treasury Secretary Bessent: Further Fed rate hikes would not necessarily be a policy mistake; confident in monetary policy under Warsh's leadership

Zhitong Finance APP has learned that U.S. Treasury Secretary Bessent said on Wednesday that further interest rate hikes by the Federal Reserve in the future would not necessarily mean a monetary policy mistake. Although U.S. President Trump has long called for lower interest rates, Bessent stressed that both he and Trump are satisfied with the performance of Federal Reserve Chairman Warsh and believe that Warsh can strike a balance between full employment and price stability.