Treasury Secretary Bessent backs rate cuts but says he understands if the Fed wants to wait

Bessent has previously said the Fed should hasten cutting interest rates, calling reductions "the only ingredient missing" for stronger economic growth.

# Treasury Secretary Bessent backs rate cuts but says he understands if the Fed wants to wait Bessent has previously said the Fed should hasten cutting interest rates, calling reductions "the only ingredient missing" for stronger economic growth. **Read the full article:** [CNBC](https://www.cnbc.com/2026/04/14/treasury-secretary-bessent-now-says-its-ok-for-the-fed-to-wait-to-lower-rates-amid-oil-surge.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*