US Treasury and Fed Weigh In on Interest Rate Cuts Amid Inflation Concerns

Published: Apr 19, 2026 22:01

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US Treasury Secretary Bessent stated that he understood the US Fed's approach of waiting before cutting interest rates based on its own considerations. However, once core inflation pulled back significantly, the US Fed would be capable of taking more action. Meanwhile, the US Fed's Hammack said there was no urgent reason to adjust interest rates at present, but the possibility of future interest rate cuts or hikes had not been ruled out.

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