Treasury Secretary Bessent on CNBC, October 28: Another Fed Rate Hike 'Not Necessarily' a Mistake (Video)
WASHINGTON — The U.S. Department of the Treasury's official YouTube channel on October 28 published its video of Treasury Secretary Scott Bessent's interview on CNBC's Closing Bell: Overtime. In the interview, Bessent said that, against the backdrop of a strong economy, another Federal Reserve rate increase would "not necessarily" be a mistake. He also said a lot of things influence the yield curve.
The remark came on the day the Federal Reserve set policy. As GSM reported the same day, the Fed on October 28 held the federal funds rate target range at 3.75% to 4.00% in a 10-to-2 vote, with Governors Lisa D. Cook and Beth M. Hammack dissenting in favor of a 25-basis-point increase. Bessent is the Trump administration's chief economic spokesman but does not vote on monetary policy; according to financial media coverage, he stopped short of calling for a hike, but his "not necessarily" phrasing was read by markets as a signal that the Treasury would not treat further tightening as an error.
The interview was published by the Treasury Department's official channel and is CNBC program content; readers can watch it in the player on this page.
Related:
Source: GSM · USA
Source: GSM · USA (original Chinese edition)
Photo: 图：美国财政部官方频道发布的访谈视频画面，财长贝森特接受 CNBC《Closing Bell: Overtime》访谈。Still from the interview video published by the U.S. Department of the Treasury's official channel: Secretary Scott Bessent on CNBC's Closing Bell: Overtime.
