John Authers, Senior Editor with Bloomberg Opinion, discusses his recent column on Scott Bessent and rate cut expectations.
Scott Bessent, the US Treasury secretary, made big news on Blooomberg Surveillance. He told the televised audience that “if you look at any model” for the fed funds rate, it suggests that “we should probably be 150, 175 basis points lower.”
Authers said on "Bloomberg Radio" that this was "ridiculous."
Here’s his conversation with Bloomberg Surveillance.
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