✉news BusinessBanking first seen 8 h ago, last 4 h ago, peak #9
Bessent urges Fed to keep an open mind on rates over AI productivity
Original: Bessent urges Fed to keep an open mind on rates, citing AI productivity
US Treasury Secretary Scott Bessent has called on the Federal Reserve to keep an open mind when setting interest rates, arguing that productivity gains from artificial intelligence could change the economic outlook. He suggested AI-driven efficiency may affect inflation and growth dynamics, adding to the debate over how quickly the central bank should ease policy.
Why now: Markets are closely watching Fed rate decisions and any public pressure from senior officials ahead of upcoming meetings.
Scott BessentFederal ReserveUS Treasury
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