Bessent: Expects inflation to fall significantly next month, calls on Fed to look ahead

US Treasury Secretary Bessent made a series of remarks on the current economic situation. On inflation, he noted that core inflation remains moderate and is already close to the Federal Reserve's target, and he expects the inflation rate to drop significantly next month. Regarding monetary policy, Bessent warned the Fed against further tightening and called on it to "look forward rather than dwell on the past." He said that both President Trump and he are fully confident in Fed Chair Warsh's fulfillment of the dual mandate. In addition, Bessent also mentioned the economic pressure policy on Iran, saying it "is working," and predicted that Iran will face a difficult winter due to natural gas shortages.