Hmm… U.S. Treasury Secretary Scott Bessent now says that the FED may have to wait longer before it can lower interest rates due to a sharp increase in oil prices.

@Binance Vietnam He said: “Do I think interest rates should be lowered? Ultimately, yes. But for now, we need to wait and see.”

This is a shift from his previous stance where he called for Jerome Powell to accelerate the interest rate cuts, even stating in January that lowering interest rates was “the only missing piece for stronger economic growth, so the Fed should not delay.”

One is that he wants to hear President Trump curse... and the other is that he thinks the FED will have to cut interest rates, so now he says there's no need to rush to cut, so if they happen to cut and inflation rises, then the FED will have to take responsibility? 🤷‍♂️$XAU #BinaceAiPro