Scott Bessent said Iran negotiations are progressing with identified
interlocutors represent different parts of the Iranian government. He said he
is less focused on near-term IMF and World Bank forecasts, which he suggested
may be overstated, and emphasized longer-term economic stability. Bessent said
the Federal Reserve could observe before cutting rates but will eventually need
to lower them, adding policy should wait until Kevin Warsh is in place as Fed
chair. He also said he expects Iran-related tensions to ease, with prices
declining, and described weak global growth as the main risk to stability.
