Bessent Says Trump Wants Lower 10-Year Yields, Not Fed Cuts

Published On Feb 5, 2025, 8:17 PM

Scott Bessent, Treasury Secretary under Trump, stated that the Trump administration aims to reduce 10-year Treasury yields instead of seeking Federal Reserve rate cuts. He suggested that increasing energy supplies would help lower inflation, which, in turn, could positively impact consumer spending and economic optimism. Bessent emphasized a focus on fiscal deficit reduction and energy production increases to facilitate lower long-term yields, expecting non-inflationary growth.