U.S. Treasury Secretary Bessent: Fed Will Cut Rates Further; Oil Price Gains Not Translating to Inflation Expectations

Gate News message, April 15 — U.S. Treasury Secretary Bessent stated that the Federal Reserve will eventually cut interest rates further, while noting that oil price increases have not translated into higher inflation expectations.

Bessent highlighted that market signals show oil prices remain decoupled from inflation expectations, suggesting that current energy costs are not driving broader price pressures in the economy.