BusinessQuiet · 28h
Bessent tells Fed to stay open-minded on rates as AI productivity gains emerge
Treasury Secretary argues artificial intelligence and deregulation will help control inflation, signaling flexibility on interest rate policy.
What to know
- Bessent signals the Treasury wants Fed flexibility on monetary policy, centered on AI productivity boosting economic growth.
- The administration is making artificial intelligence adoption and deregulation key pillars of its inflation narrative.
- This positions the Treasury to influence Fed thinking as rate decisions approach.
Scott Bessent Treasury Secretary
How it unfolded 1 development · click the chart to see its coverage articlesposts
4 PMtoday8 AM4 PMnow · 9:31 PM ET
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Bessent urges Fed flexibility on rates amid AI productivity outlook
Treasury Secretary Scott Bessent stated that Federal Reserve policymakers should keep an open mind on interest rates, arguing that productivity gains from artificial intelligence and deregulation will help keep US inflation in check.
“Federal Reserve policymakers should keep an "open mind" on interest rates, arguing that productivity gains from artificial intelligence and deregulation will help keep US inflation in check.”
— Scott Bessent -
first by Bloomberg Economics, 1d ago · also Seeking Alpha
1 more headline
- Bessent urges Fed to keep ‘open mind’ on rates as AI boosts productivity Seeking Alpha · 1d ago
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Treasury Secretary Scott Bessent said Federal Reserve policymakers should keep an “open mind” on interest rates, arguing that productivity gains from artificial intelligence and deregulation will help keep US inflation in check.
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