US Treasury chief urges Fed to chop charges

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Thursday known as on the U.S. Federal Reserve to chop charges, saying yields on two-year charges had been decrease than Fed fund charges.

“We’re seeing that two-year charges at the moment are under Fed funds charges, in order that’s a market sign that they suppose the Fed ought to be slicing,” Bessent mentioned in an interview on Fox Enterprise Community’s “Mornings with Maria” program.

(Reporting by Susan Heavey; Enhancing by Toby Chopra)