{"id":379233,"date":"2026-04-14T16:26:10","date_gmt":"2026-04-14T16:26:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/379233\/"},"modified":"2026-04-14T16:26:10","modified_gmt":"2026-04-14T16:26:10","slug":"bessent-says-confident-that-core-inflation-is-going-down-fed-will-need-to-cut-rates","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/379233\/","title":{"rendered":"Bessent says confident that core inflation is going down, Fed will need to cut rates"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">WASHINGTON, April 14 (Reuters) &#8211; U.S. Treasury Secretary Scott Bessent on Tuesday \u200csaid he was quite confident \u200cthat core inflation would continue to go \u200bdown in the United States despite the Iran war, and repeated his call for the Federal Reserve to \u200ccut its interest \u2060rates.<\/p>\n<p class=\"yf-1fy9kyt\">Bessent said he could understand if U.S. central bankers \u2060wanted to observe economic developments related to the war before they \u200bcut rates, \u200badding that it \u200balso made sense \u200cfor U.S. President Donald Trump&#8217;s nominee as Fed chair, Kevin Warsh, to lead the next cycle of monetary adjustments.<\/p>\n<p class=\"yf-1fy9kyt\">Asked if the Trump administration \u200cwould accept current Fed \u200bChair Jerome Powell staying \u200bin \u200bthe top spot after his \u200cterm ends in May, \u200bif Warsh&#8217;s \u200bnomination was not approved by the Senate by then, Bessent said, &#8220;We \u200bwant \u200cKevin Warsh in as soon as \u200bpossible.&#8221;<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by Andrea Shalal; Editing \u200bby Caitlin Webber)<\/p>\n","protected":false},"excerpt":{"rendered":"WASHINGTON, April 14 (Reuters) &#8211; U.S. Treasury Secretary Scott Bessent on Tuesday \u200csaid he was quite confident \u200cthat&hellip;\n","protected":false},"author":2,"featured_media":379234,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,18414,219,866,76032,111,139,69,14887,3045],"class_list":{"0":"post-379233","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-core-inflation","10":"tag-economy","11":"tag-federal-reserve","12":"tag-kevin-warsh","13":"tag-new-zealand","14":"tag-newzealand","15":"tag-nz","16":"tag-president-donald-trump","17":"tag-secretary"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/379233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=379233"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/379233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/379234"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=379233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=379233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=379233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}