2026-04-14 19:42:10
US Treasury's Bessent Says Core Inflation Declining, Fed Needs to Cut Rates Despite Iran War
US Treasury Secretary Scott Bessent expressed confidence in declining core inflation despite the Iran war, urging the Federal Reserve to cut rates. Rising consumer prices due to the conflict have impacted President Trump's approval ratings. Trump's Fed chair nominee, Kevin Warsh, faces nomination delays but may soon proceed.