Bessent once again calls on the Federal Reserve, advocating for interest rate cuts to support Trump's new policies

MarsBitNews · 2026-01-08T15:06:48+00:00

U.S. Treasury Secretary Yellen calls on the Federal Reserve to continue cutting interest rates, believing that lower rates are key to achieving economic growth. She emphasizes that Trump's policies lay the foundation for future economic development and hints at succeeding Powell as Federal Reserve Chair.

MarsBitNews

2026-01-08 15:06:48

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Mars Finance News, on January 8th, according to CNBC, U.S. Treasury Secretary Yellen called on the Federal Reserve to continue cutting interest rates, further pressuring U.S. monetary policy makers. Yellen stated that lower interest rates are “the only missing element for achieving stronger economic growth, and this is also why the Fed should not delay.” She also mentioned in her speech that 2026 will witness the “return” of Trump’s “America First agenda.” According to CNBC, the Treasury Secretary said that Trump laid the foundation for strong economic growth through last year’s tax cuts, trade agreements, and deregulation agenda. Yellen has been leading the government’s process of selecting a candidate to succeed Powell after his term ends in May. The Treasury Secretary has repeatedly echoed Trump’s calls for lowering interest rates. (Jin10)

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