Bessent says Fed should 'wait and see' before lowering rates, Semafor reports

Treasury Secretary Scott Bessent said the Federal Reserve should "wait and see" before deciding on any interest-rate cuts amid the war in Iran. The comment reinforces a cautious policy stance, but it does not announce a new Fed action or provide a specific rate path. Market impact is likely limited, though it may modestly influence expectations for near-term rate cuts and risk sentiment.

Analysis

Treasury Secretary Scott Bessent said the Federal Reserve should "wait and see" before deciding on any interest-rate cuts amid the war in Iran. The comment reinforces a cautious policy stance, but it does not announce a new Fed action or provide a specific rate path. Market impact is likely limited, though it may modestly influence expectations for near-term rate cuts and risk sentiment.