BESSENT: SUGGESTS THE FED REVISE ITS 2% INFLATION TARGET TO 1.5%–2.5% OR 1%–3% U.S. Treasury Secretary Bessent said the Federal Reserve should re-examine its inflation target as inflation declines toward 2%. He proposed shifting from a fixed target to a range, such as 1.5%–2.5% or 1%–3%, once expectations are re-anchored. Bessent acknowledged public concern over the cost of living, stating that Americans are under significant pressure due to high prices in recent years.(*Walter Bloomberg)