Scott Bessent Says Fed Is 'Doing The Right Thing' By Sitting And Watching' On Interest Rates Amid Iran Wa
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Last updated: April 14, 2026
U.S. Treasury Secretary Scott Bessent advised the Federal Reserve against immediate interest rate cuts due to economic uncertainties, particularly those stemming from the Iran war. His stance highlights a cautious approach to monetary policy amid geopolitical instability.
- Treasury Secretary Scott Bessent has recommended that the Federal Reserve refrain from lowering interest rates at this juncture. This cautious stance is primarily driven by the prevailing uncertainty surrounding the ongoing Iran war, which introduces significant risk factors into the economic outlook. Bessent's advice suggests a prioritization of economic stability over immediate stimulus, emphasizing that the current U.S. economic landscape is robust enough to withstand higher rates for the time being. He believes that premature rate cuts could potentially fuel inflation or create other imbalances, particularly as global events continue to evolve. The Secretary's focus is on ensuring a steady and sustainable economic trajectory, taking into account the complex interplay of domestic conditions and international developments.
