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Bisent calls on Fed to stay flexible on rates
U.S. Treasury Secretary Scott Bisset emphasized the need to keep all options open regarding interest rates, noting that strong economic growth, supported by artificial intelligence and eased regulatory constraints, will help control inflation. He stated that this year's inflation is linked to rising prices for diesel and gasoline due to the war with Iran and attacks on the Russian energy sector, with core consumer prices increasing by 0.3% in August. Despite inflation, he pointed to a clear decline in core inflation, and the Federal Reserve raised interest rates for the first time since 2023. There are expectations that Iran's oil exports to China will soon end, which could increase pressure on Tehran.
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