Bessent Says Fed Should Recalibrate

“Treasury Secretary Scott Bessent called on the Federal Reserve to change its policy stance after a government agency revised U.S. jobs data to show weaker hiring in the year through March,” Bloomberg reports.

Said Bessent: “It turns out that we didn’t have good facts. President Trump inherited a far worse economy than reported, and he’s right to say the Fed is choking off growth with high rates.”