BESSENT said Fed policymakers should keep an open mind on interest rates,
arguing AI-driven productivity gains and deregulation will help restrain US inf.
He said Trump appointee KEVIN WARSH recognizes US growth is comparable to, or
larger than, the 1990s internet boom and contrasted that with Greenspan’s 'let
it run' approach, urging the Fed to remain open-minded given deregulation
factors. He added core inf has been very stable and has fallen in recent months.