Besant says the Federal Reserve should remain open-minded regarding interest rates

US Treasury Secretary Bessent stated that Federal Reserve policymakers should maintain an "open attitude" regarding interest rates. He believes that productivity gains brought by artificial intelligence and the relaxation of regulatory measures will help curb US inflation. Bessent noted that Federal Reserve Chairman Walsh, appointed by Trump, is "fully aware" that the US economy is achieving growth results similar to those during the internet boom of the 1990s, or even "more remarkable." Bessent pointed out that then-Federal Reserve Chairman Greenspan at that time "let the economy grow," and that "the Federal Reserve Board and policymakers should keep an open mind, as there are factors related to the relaxation of regulations." Bessent also said: "Core inflation has remained very stable and has actually declined in the past few months."