Record · the original document behind a story
Bessent Outlines Reasons the Fed Might Want to Avoid a Rate Hike
Published by Dow Jones Newswires, syndicated by Bitget on August 31, 2026.
The Wall Street Journal live-coverage card preserving Bessent's supply-shock argument before the meeting.
The cited passage, with surrounding source text
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leading-[16px] font-semibold text-[var(--content-primary)] flex items-center leading-[32px]"><span class="inline-block w-[188px] truncate align-bottom text-primaryText">Bessent Outlines Reasons the Fed Might Want to Avoid a Rate Hike -- WSJ</span></div></div></div><h1 class="font-bold leading-[43px] text-primaryText md:mt-[28px] md:text-[32px] pc:mt-[28px] pc:text-[32px] mobileRange:mt-[24px] mobileRange:text-[24px] mobileRange:leading-[34px]">Bessent Outlines Reasons the Fed Might Want to Avoid a Rate Hike -- WSJ</h1><div class="pb-[8px] pt-[16px]"><div class="flex items-center justify-between text-[14px] leading-[22px]"><div class="flex flex-wrap items-center"><img height="100%" width="auto" src="https://img.bgstatic.com/multiLang/web/b3db3b1929c2ac2c8b481fbbc9f33678.png?w=32&h=32&f=webp" alt="Dow Jones" class="size-[16px] rounded-[8px] ltr:me-[6px] rtl:ms-[6px]" loading="eager" fetchPriority="high"/><span class="text-primary">Dow Jones</span><span class="mx-[12px] h-[15px] w-px bg-line mobileRange:!mx-[5px]"></span><span class="text-thirdText">2026/08/31 15:38</span></div></div></div><div class="mb-[16px] mt-[6px] inline-flex w-full items-center justify-center gap-2 rounded-lg border-[var(--ds-color-link-default)] bg-[var(--ds-color-function-brand-soft)] p-[16px] text-[var(--content-primary)]"><div class="shrink grow basis-0"><div><span class="text-sm">Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.<!-- --> </span><a rel="nofollow" href="/register?channelCode=SSSS&vipCode=s1pz" class="text-[var(--ds-color-function-brand)] text-sm font-normal leading-snug cursor-pointer">Trade now!</a></div><div><span class="text-sm">A welcome pack worth 6200 USDT for new users!<!-- --> </span><a rel="nofollow" href="/register?channelCode=SSSS&vipCode=s1pz" class="text-[var(--ds-color-function-brand)] text-sm font-normal leading-snug cursor-pointer">Sign up now!</a></div></div></div><div class="wIlkD1RC3He2Ds5uSDEQ relative mx-0 mb-[16px] h-auto overflow-hidden break-words text-[16px] font-normal leading-[28px] text-secondaryText"><div><p>By Jessica Coacci</p> <p>Treasury Secretary Scott Bessent said he is not going to speculate on what the Federal Reserve might do at its September interest rate meeting.</p> <p>But he did list a few reasons holding rates in place might make sense. "We've seen a supply shock, and traditionally you don't raise [rates]...unless you see second or third-order effects," Bessent said in an interview on CNBC.</p> <p>Bessent said core inflation has remained very restrained, and there will be a productivity boom on the other side of the AI-buildout.</p> <p>After Fed Chairman Kevin Warsh's debut speech at Jackson Hole Friday, odds for a September rate hike rose to nearly 60%, according to CME's FedWatch tool. They recently stood at about 66%.</p> <p>This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).</p> …
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- Fed raises rates a quarter point on a unanimous vote · cited for the pre-meeting argument against raising rates for a supply shock
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Timeline entries this record anchors: The committee raises the range by a quarter point.