Summary<\/p>\n
Treasury Secretary Bessent flagged possible changes to the Fed\u2019s inflation framework and communications.<\/p>\n
Said Kevin Miran could return to the White House by February or March, aligning with a likely Fed chair decision.<\/p>\n
Bessent indicated support for an inflation target range, but only once inflation is back at 2%.<\/p>\n
He floated the idea that a new Fed chair could scrap the dot plot.<\/p>\n
Comments add to market debate around Fed communication and perceived independence.<\/p>\n
US Treasury Secretary Scott Bessent has signalled potential changes to the Federal Reserve\u2019s policy framework and communications as the White House moves closer to naming its next Fed chair.<\/p>\n
Speaking on a podcast, Bessent said current fill-in Fed governor Kevin Miran is likely to return to the White House in February or March, a timeline that markets interpreted as aligning with a formal decision on the next Federal Reserve chair.<\/p>\n
Bessent also appeared to open the door to a rethink of the Fed\u2019s inflation framework, suggesting he favours the idea of an inflation \u201crange\u201d rather than a fixed point target. However, he was careful to stress that such a change would not be appropriate while inflation remains above 2%, signalling that any review would be conditional on inflation being firmly under control.<\/p>\n
In a further hint at potential reform, Bessent suggested a new Fed chair could consider scrapping the dot plot \u2014 the quarterly projection of policymakers\u2019 rate expectations \u2014 a move that would mark a significant shift in how the central bank communicates its policy outlook.<\/p>\n
The remarks stop short of signalling imminent change, but they add to growing market sensitivity around Federal Reserve independence, communication tools and long-term policy credibility. With rate cuts already priced for later in 2026, investors are increasingly focused on whether a change in leadership could alter how policy intentions are signalled, even if the near-term rate path remains data-dependent. <\/p>\n","protected":false},"excerpt":{"rendered":"Summary Treasury Secretary Bessent flagged possible changes to the Fed\u2019s inflation framework and communications. Said Kevin Miran could…\n","protected":false},"author":2,"featured_media":199061,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,112490,85,46],"class_list":["post-199060","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-fed-framework-review-signals","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/199060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=199060"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/199060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/199061"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=199060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=199060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=199060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}