Treasury Secretary Bessent Criticizes Fed Dot Plot, Says He Traded Against It

U.S. Treasury Secretary Scott Bessent criticized the Federal Reserve's dot plot on Wednesday, stating that no one should publish it. Bessent revealed that during his time managing his own investment business, his firm operated a trading model specifically designed to bet against the dot plot, as it was "always wrong." He also expressed appreciation for Federal Reserve Chair Waller's decision to eliminate forward guidance and noted that he meets with Waller for breakfast weekly.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments