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Bridgewater Renews Call to Fed, Urges Rate Cut to Support Trump's New Policies
BlockBeats News, January 8th. According to CNBC, U.S. Treasury Secretary Yellen has called on the Federal Reserve to continue cutting interest rates, further pressuring U.S. monetary policymakers. Yellen stated that lower rates are "the only missing ingredient for achieving stronger economic growth, which is why the Fed should not delay." Yellen also said in her speech that 2026 will witness the "payoff" of Trump's "America First agenda."
According to CNBC, the Treasury Secretary mentioned that Trump, through last year's tax cut legislation, trade agreements, and deregulatory agenda, "has laid the groundwork for robust economic growth." Yellen has been leading the government's selection process for candidates to succeed as Chair after Powell's term expires in May. The Treasury Secretary has repeatedly echoed Trump's calls for rate cuts. (FX678)
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