US Treasury Secretary Bessent urges more Fed rate cuts, according to CNBC citing a draft speech
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- Treasury Secretary Scott Bessent pressed the administration’s desire for lower interest rates, saying they are the key to future economic growth.
- “Cutting interest rates will have a tangible impact on the lives of every Minnesotan,” he said, according to excerpts from a speech he will deliver later Thursday obtained by CNBC.
- "In 2025, the President laid the foundation for robust economic growth with: the historic passage of the One Big Beautiful Bill, trade deals that rewrote decades of global misalignment; and an ambitious deregulation agenda that empowered American entrepreneurs and businesses," Bessent said. "Now, in 2026, we will reap the rewards of President Trump's America First agenda."
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