United States (US) Treasury Secretary Scott Bessent told CNBC on Monday that a decrease in interest rates would unlock the mortgage market, per Reuters.
Bessent added that they need to examine the entire Federal Reserve institution but refrained from commenting on a report that claimed he had advised US President Donald Trump not to fire Chairman Jerome Powell.
Regarding trade negotiations, Bessent noted that the European Union had become more engaged and said that they are going to continue talks with China in the near future.
Market reaction
The US Dollar Index extends its daily decline on Monday and was last seen losing 0.42% on the day at 98.05.
作者：Eren Sengezer，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
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