US Treasury Secretary Bessent: Calls on the Fed to look forward, expects inflation to drop significantly next month

Odaily Report: U.S. Treasury Secretary Bessent made a series of remarks on the current economic situation. On inflation, he noted that core inflation remains moderate and is already close to the Fed's target, and he expects the inflation rate to fall substantially next month. Regarding monetary policy, Bessent warned the Fed against further tightening and called on it to "look forward rather than dwell on the past." He stated that both President Trump and he are fully confident in Fed Chair Warsh's fulfillment of the dual mandate. In addition, Bessent also mentioned the policy of economic pressure on Iran, saying it "is working," and predicted that Iran will face a difficult winter due to natural gas shortages. (Sina Finance)