Treasury Secretary Bessent Says More Fed Rate Cuts Are “Only Ingredient Missing” for Stronger Economy

U.S. Treasury Secretary **Scott Bessent** delivered a strong message Thursday that the U.S. economy could accelerate further if the **Federal Reserve** moves ahead with additional interest rate cuts — calling such cuts the “only ingredient missing” for stronger economic growth. In prepared remarks to be delivered at the Economic Club of Minnesota, Bessent emphasized that lower borrowing costs would have a tangible impact on everyday Americans, particularly on businesses and borrowers who could benefit from cheaper credit. He stated that cutting rates would help unlock more robust expansion in the broader economy and urged the Fed to not delay easing policy. Bessent’s comments reflect the Trump administration’s continued push for a more accommodative monetary policy even after several rate cuts in 2025, which brought the federal funds target rate down to roughly 3.5%–3.75%. Markets and policymakers are closely watching Powell and the Fed as debates continue over timing and scale of future cuts amid mixed inflation and labor data. #USFed #InterestRates #Economy #ScottBessent #SlimScan #GrowthStocks #CANSLIM