U.S. Treasury Secretary Suggests The Fed Hold Interest Rates Amid Iran War

The United States Secretary of the Treasury, Scott Bessent, stated that the Federal Reserve should take a "wait and see" approach before deciding to cut interest rates.
This statement was made amid uncertainty caused by the Iran conflict, which is still considered too early to determine an aggressive monetary policy direction.
Bessent believes that the U.S. economic conditions were previously strong enough, so The Fed does not need to rush into easing measures.
He also emphasized that the current surge in inflation, mainly due to rising energy prices, is temporary or transitory and will not establish a long-term trend.
Recent data shows that inflation spiked sharply in March due to a surge in global oil prices, but the U.S. government remains optimistic that this pressure will not last long.
This view reflects a cautious approach by U.S. economic authorities in facing the combination of inflation risks and geopolitical uncertainties.
On the other hand, The Fed itself is still in a wait-and-see position, monitoring developments before determining the next step regarding interest rates.

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