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Bessent says 'not necessarily' a mistake if the Fed hikes again

CNBC World •
October 28, 2026 • 08:00 PM
• By Alex Harring
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Treasury Secretary Scott Bessent joined CNBC for an interview on Oct. 28, 2026.

Bessent says 'not necessarily' a mistake if the Fed hikes again

Treasury Secretary Scott Bessent said Wednesday that the Federal Reserve hiking interest rates in the future wouldn't undoubtedly be a mistake.

After CNBC's Brian Sullivan asked if the further rate increases in the future would constitute a monetary policy error, Bessent responded: "That's not necessarily so."

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Same Story from Other Publications

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6 Publications
BBC News
2d ago
US Treasury Secretary Scott Bessent relocated after alleged Iranian threats

US Treasury Secretary Scott Bessent relocated after alleged Iranian threats

Bessent is now one of several Trump administration officials to live on military bases due to safety concerns.

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Hamro Patro News
2d ago
US Treasury Secretary Scott Bessent Relocates Due to Death Threat from Iran

US Treasury Secretary Scott Bessent Relocates Due to Death Threat from Iran

Kathmandu. After receiving a death threat from Iran, US Treasury Secretary Scott Bessent has prioritized his security and moved from his private residence in the Washington area to a US military ba...

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CNN International
2d ago
Bond yields surge most in 19 months as traders brace for Fed rate hikes | CNN Business

Bond yields surge most in 19 months as traders brace for Fed rate hikes | CNN Business

US Treasuries slumped, pushing yields sharply higher, after hotter-than-expected inflation data and comments from a key Federal Reserve official fueled bets that the central bank would need to deliver more aggressive interest rate hikes to cool inflation.

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ABC News Australia
1d ago
Why several Trump officials are now living at military bases

Why several Trump officials are now living at military bases

US Treasury Secretary Scott Bessent becomes the latest Trump official to move onto a military base following security concerns. Here's what to know.

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The Australian Financial Review (AFR)
1d ago
Trump’s cabinet secretaries clash over Nvidia spy scandal company

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Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick about why the administration had not put restrictions on chip sales to Megaspeed.

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The Verge
1d ago
Jensen Huang’s affair reportedly has Taiwan and US cabinet officials rattled.

Jensen Huang’s affair reportedly has Taiwan and US cabinet officials rattled.

US Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick about failing to put the alleged Chinese spy-run company on a list of national security concerns, Axios reported, though the Commerce Department denied the interaction. Meanwhile, The Wall Street Journal reported Huang’s birthplace of Taiwan is unnerved by his affair.

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