US Treasury Secretary Bessent: Overly aggressive rate hikes would be inappropriate as the energy supply shock is about to fade.

November 13: U.S. Treasury Secretary Bessent stated that over-tightening when the energy supply shock is about to fade would be inappropriate. The Federal Reserve should focus on the future. Markets are resilient. Bond auctions are strong, and dollar buying is robust. Confident in the economy, economic conditions are very good, with no alarm signals.