Besant: The Federal Reserve's cautious stance on the development of the Iran conflict is a wise move

ME News, April 14 (UTC+8). Jinsuo Data. In the local time on Monday, U.S. Treasury Secretary Besant said at the “Semafor World Economy” conference held in Washington, D.C., that during the Iran war, the Federal Reserve should “wait and see” before deciding whether to cut interest rates. On the question of whether interest rates should be lowered, Besant said, “It will eventually be lowered. But I think we must wait and see how the economy develops. However, I believe that after January, through January and February—economic performance has been very strong.” Besant said that the Federal Reserve’s current approach of observing how the Iran conflict is unfolding is “a wise move.” Besant said, “If (the European Central Bank) raises (interest rates), I would be shocked. But what I want to say is that many European countries (such as the UK) and Asian countries are subsidizing demand, while we are not doing that in the United States.” Besant said he believes that the recent price increases will not be “factored into inflation expectations,” and he believes that inflation is temporary for now. (Source: Jinsuo)