US Treasury warns against rate hikes amid Iran-war energy shock
US Treasury Secretary Scott Bessent has urged the Federal Reserve not to raise interest rates, arguing that the US economy is facing an energy supply shock linked to the US-led conflict with Iran. He said the central bank should keep an open mind and avoid reacting too aggressively to what he described as noisy inflation data. The comments add a fresh political signal ahead of the Fed's next policy meeting in December.Bessent made the remarks in an interview on CNBC on Friday, saying the Fed should understand that the current pressure is being driven by energy markets rather than a... [Continue Reading]
360LiveNews | 13 Nov 2026 16:59 LONDON
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