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US Treasury Secretary: 10-year Treasury yield is the key, Trump has not called on the Federal Reserve to cut interest rates

The Trump administration's focus on lowering borrowing costs is on the 10-year Treasury yield rather than the Federal Reserve's benchmark short-term interest rate, Treasury Secretary Vincent Bescent said. "He and I are focused on the 10-year Treasury," Mr. Bescent told Fox Business when asked if President Donald Trump wanted to lower rates. "He's not calling for...

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2025-02-05 23:26:40