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US Treasury Secretary Bessent declares bond markets calm
Unietd States (US) Treasury Secretary Scott Bessent downplayed an upcoming meeting of world leaders that excludes Western nations. Bessent also acknowledged that the Federal Reserve (Fed) should be politically independent, but either couldn't or wouldn't specifically elaborate on his waffled claim that the Fed has "made a lot of mistakes", outside of not obeying President Donald Trump's demands for lower interest rates. [...]