US Treasury Secretary Urges Fed to Stay Flexible on Rates, Citing AI Productivity
- —Bessent says core inflation has been stable for months, with headline inflation driven by a temporary energy spike
- —He likened the current AI boom to the 1990s internet era under Greenspan
- —August core CPI rose 0.3% month-on-month and 2.4% year-on-year
- —In August 2025 Bessent had already called for 150-175 bps of rate cuts
Why it matters: Administration pressure on the Fed signals possible future easing, a tailwind for risk assets including crypto, though it remains rhetoric for now.
Source: Siam Blockchain