On the recordAugust 13, 2025
I suspect we could have had rate cuts in June and July.
Said by
Scott Bessent
I suspect we could have had rate cuts in June and July.
Bessent reflects on missed opportunities for rate cuts based on labor market data.
Share
More from Scott Bessent
As the federal funds rate climbed from near zero to its highest level in 22 years, with inflation hitting a 40-year high, you were a cheerleader for the Biden Administration’s reckless spending.
Unequivocally no cuts in Social Security," he said. "The Trump accounts are a supplement, not a substitute… if they have maintained their Trump accounts into retirement age, then they will also have a substantial nest egg that they can…