TRUMP FOCUSES ON LOWERING 10-YEAR YIELD, NOT SHORT-TERM RATES
TRUMP FOCUSES ON LOWERING 10-YEAR YIELD, NOT SHORT-TERM RATES
Scott Bessent, Treasury Secretary, highlights Trump’s focus on lowering 10-year Treasury yields.
Trump says he’s “fine” with the Fed not cutting rates, shifting focus to long-term yields.
Achieving this goal requires improving the US fiscal position and addressing inflation.
Government program cuts have not significantly affected major spending areas like healthcare and defense.
The challenge lies in whether Trump will enforce the fiscal measures needed, a tough stance for most politicians.
