In recent months, financial markets have been marked by heightened volatility, leading some to question the Federal Reserve's guidance on interest rates. Treasury Secretary Bessent sought to clarify the situation in an interview, stating that the markets are effectively undergoing a 'detox' from the Fed's influence. This comes as Bessent expressed skepticism about the need for further interest-rate hikes, citing shifting expectations in the market.
Wikipedia / Federal Reserve Markets 'going through detox' after years of Fed guidance, says Treasury Secretary Bessent
Treasury Secretary Bessent attributes recent market volatility to a 'detox' from years of excessive Federal Reserve guidance, as the secretary questions the need for further interest-rate hikes.
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