Treasury Secretary Scott Bessent said President Donald Trump is looking for longer-term interest rates to fall.

Vice Chair of the U.S. Federal Reserve, Philip Jefferson, said on Wednesday that he’s in no rush to change the central bank’s policy rate. According to a Reuters report, the VC mentioned that the current policy is restrictive despite cutting rates by 100 basis points in late 2024.

Hiring is off to a slower-than-expected start this year, but the Federal Reserve still likely won’t see the need to boost the U.S. economy with an interest-rate cut next month. Friday’s job data—along

The Federal Reserve spent a good part of 2022 and 2023 implementing interest rate hikes in response to rampant inflation. But now, the central bank needs to reverse some of those hikes as inflation cools.