Categories: Economy

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)

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