LBCI

US Treasury chief says Fed should not hike rates over energy shock tied to Iran war

World News

13-11-2026 | 09:20

Share

Share

US Treasury chief says Fed should not hike rates over energy shock tied to Iran war

2^min

U.S. Treasury Secretary Scott Bessent said on Friday that the Federal Reserve should have an open mind and not hike rates ‌because of an "energy supply shock" tied to the Iran war.

"I think the Fed should understand that this is an energy supply shock," while the underlying U.S. economy is very strong, Bessent said in an interview on CNBC.

"So I think that to hike ⁠too much into an energy supply shock when it's coming down, these are very noisy numbers," he said. "You know, the Fed's supposed to look into the future, not look in the rearview mirror."

"I'm not going ⁠to tell the Fed what to do. I am going to say they should have an open mind," Bessent said.

The Fed did three rate cuts over ⁠the same period last year, he noted.

"And now to reverse just based on an energy supply shock, a reversal in a dramatic ⁠way isn't something that I would do if I were on the Fed. But I'm not on the Fed."

Reuters

World News

United States

Treasury

Scott Bessent

Federal Reserve

Iran

War

Fed

Next

France favours adding pressure on Yemen's Houthis, foreign ministry spokesperson says

US Treasury's Bessent says he won't be cowed by death threats

Previous

Recommended For You

US Treasury chief blames Commerce dept for failure in Nvidia scandal

09:35

US Treasury chief blames Commerce dept for failure in Nvidia scandal

France favours adding pressure on Yemen's Houthis, foreign ministry spokesperson says

09:24

France favours adding pressure on Yemen's Houthis, foreign ministry spokesperson says

US Treasury's Bessent says he won't be cowed by death threats

09:08

US Treasury's Bessent says he won't be cowed by death threats

Microsoft says 'improvements' for Outlook in N.America, Europe

08:58

Microsoft says 'improvements' for Outlook in N.America, Europe

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Lebanese president reaffirms commitment to state authority

2026-03-16

Lebanese president reaffirms commitment to state authority

Israeli airline El Al says will run flights to return Israelis from Dubai

Middle East News

2026-10-01

Israeli airline El Al says will run flights to return Israelis from Dubai

Last-minute diplomacy averted attack on Beirut, but not the war

News Bulletin Reports

2026-06-02

Last-minute diplomacy averted attack on Beirut, but not the war

What is Netanyahu preparing for? Iran tensions put Israel on military alert

News Bulletin Reports

12:55

What is Netanyahu preparing for? Iran tensions put Israel on military alert

Videos

Exclusive LBCI interview: UN official optimistic about UNIFIL’s future — video

News Bulletin Reports

2026-10-15

Exclusive LBCI interview: UN official optimistic about UNIFIL’s future — video

US on Hezbollah funding and Lebanon’s reconstruction: What did Tommy Pigott tell LBCI? Watch the interview

News Bulletin Reports

2026-10-09

US on Hezbollah funding and Lebanon’s reconstruction: What did Tommy Pigott tell LBCI? Watch the interview

Kaja Kallas tells LBCI about Europe’s planned mission in Lebanon — interview

News Bulletin Reports

2026-10-08

Kaja Kallas tells LBCI about Europe’s planned mission in Lebanon — interview

Heavy rain and flooding hit Lebanon’s Zahle region: Footage

2026-09-18

Heavy rain and flooding hit Lebanon’s Zahle region: Footage

Aoun arrives at Élysée Palace for meeting with Macron—Video

2026-09-17

Aoun arrives at Élysée Palace for meeting with Macron—Video

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Most read

24 hours

7 days

Month

Planned in Iraq, carried out in Beirut? The mystery surrounding al-Alwani’s killing

1

Planned in Iraq, carried out in Beirut? The mystery surrounding al-Alwani’s killing

US considers post-UNIFIL monitoring mechanism for Lebanon-Israel agreement: Hiba Nasr

2

US considers post-UNIFIL monitoring mechanism for Lebanon-Israel agreement: Hiba Nasr

Lebanon's fuel prices fall

3

Lebanon's fuel prices fall

What is Netanyahu preparing for? Iran tensions put Israel on military alert

4

What is Netanyahu preparing for? Iran tensions put Israel on military alert

Trump calls for Apple ex-CEO Tim Cook to replace Huang at Nvidia

5

Trump calls for Apple ex-CEO Tim Cook to replace Huang at Nvidia

LBCI sources: Lebanon awaits Syria's response on extradition of suspects in Iraqi MP's murder

6

LBCI sources: Lebanon awaits Syria's response on extradition of suspects in Iraqi MP's murder

Military helicopter crashes in eastern Turkey, defence ministry says

7

Military helicopter crashes in eastern Turkey, defence ministry says

Four died in military helicopter crash in eastern Turkey, defence ministry says

8

Four died in military helicopter crash in eastern Turkey, defence ministry says

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More