Bescent: Overly raising interest rates at a time when the impact of energy supply shocks is about to fade would be inappropriate

U.S. Treasury Secretary Janet Yellen stated that excessive interest rate hikes would be inappropriate as the impact of energy supply shocks is about to fade. The Federal Reserve should focus on the future. The market is resilient. Bond auctions are strong, and there is robust demand for the dollar. There is confidence in the economy, the economic situation is very good, and there are no alarm signals.