AssetID: 55615852
Headline: UNCAPTIONED: Bessent Urges Fed to Hold Rates as Iran War Fuels Inflation Fears
Caption: Bessent Urges Fed to Hold Rates as Iran War Fuels Inflation Fears. U.S. Treasury Secretary Scott Bessent says the Federal Reserve should hold off on cutting interest rates, adopting a “wait and see” approach as tensions with Iran continue to shake global markets. Speaking to Semafor, Bessent emphasized that the U.S. economy showed strong momentum earlier this year, and warned against rushing policy decisions while geopolitical risks remain high. The conflict has already triggered a sharp spike in energy prices, with oil surging over 30% and gasoline climbing above $4 per gallon — levels not seen in years. Despite the inflation pressure, Bessent downplayed long-term risks, saying he does not expect price increases to become deeply embedded in consumer expectations. He also noted that while countries like the UK and parts of Asia are boosting demand through subsidies, the U.S. has taken a more restrained approach. Looking ahead, Bessent suggested the current turmoil could ultimately bring long-term stability — even if markets remain volatile in the short term. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Scott Bessent,Federal Reserve,interest rates,inflation fears,Iran conflict,oil prices,energy markets,US economy,monetary policy,global markets,gasoline prices,economic outlook
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