US Treasury Secretary Scott Bessent says it’s time for the Federal Reserve to cut rates, given that two-year yields (2YY=F) are lower than the Fed fund rate, adding fuel to the contentious relationship between the Trump administration and Fed Chair Jerome Powell.
Wellington Management fixed income portfolio manager Brij Khurana joins Morning Brief with Brad Smith and Madison Mills to discuss what he calls the Fed’s “very tricky situation.”
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here: https://finance.yahoo.com/videos/series/morning-brief/
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