US Treasury Secretary Bessent said he will hold a news conference next Monday to discuss actions related to economic sanctions on Iran, according to Odaily, citing Jin10. He said that “maximum economic pressure” could mean military action will not be restarted, and added that the oil market had misunderstood what economic pressure means. Bessent also said interest rates are unrelated to repurchase decisions. On the Federal Reserve’s reduction of Treasury holdings, he said adjustments would be made in whatever form that process takes. The remarks covered sanctions policy, the market’s reading of economic pressure, and his view on rates, repo decisions, and Fed Treasury runoff.
US Treasury Secretary Bessent said he will hold a news conference next Monday to discuss actions related to economic sanctions on Iran, according to Odaily, citing Jin10.
Bessent said “maximum economic pressure” could mean military action will not be restarted. He also said the oil market had misunderstood the meaning of economic pressure.
He added that interest rates are unrelated to repurchase decisions, and said adjustments would be made in whatever form the Federal Reserve’s reduction of Treasury holdings takes.
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