Trump on Fed: We will name a new chairman early

US Treasury Secretary Bessent on Fed: I think we could go into a series of rate cuts. US Treasury Secretary Bessent: We should be 150,-175 bps lower on the Fed's rate now. BESSENT ON FED CHAIR NAMES: GOING TO CAST WIDE NET, 10-11 PEOPLE Bessent States That Trump Previously Considered Yellen and John Taylor for Key Positions BESSENT: I CALLED FOR SHADOW FED CHAIR BUT DON'T THINK SO NOW

Fed's Goolsbee: It is entirely possible to cut in anticipation if you think inflation is on a path to 2%, then stop or hike if information contradicts. FED'S GOOLSBEE: FED'S FALL RATE-SETTING MEETINGS WILL ALL BE LIVE SOME JOB MARKET DATA SHOW IT'S SOLID, SOME SHOW CONCERNS FED WOULD NEED TO CUT RATES IF LABOR MARKET IS DETERIORATING; NOT SURE THAT'S WHAT'S HAPPENING NEED MULTIPLE MONTHS OF FAVORABLE INFLATION READING TO…

US Trsy Sec Bessent On Bonds: Yields Show There Is Credibility - Leakage From Japan - Japan Needs Get Their Inflation Problem Under Control - We’re Re-Filing Treasury Cash Via Bills US Treasury Secretary Bessent: I asked about 200% secondary sanctions on China at G-7. Everybody at G-7 was quiet when I asked. US TSY'S BESSENT Q&A/BBG: 'PUT UP OR SHUT UP' TIME RE CHINA PURCHASES OF RUSSIA OIL; EUROPE NEEDS TO BE READY TO APPLY ITS OWN SECONDARY SANCTIONS; ENDS Q&A #Bessent #tariffs #economy