US Treasury Secretary Bessent backs Fed’s decision to ditch forward guidance
US Treasury Secretary Scott Bessent has endorsed the Federal Reserve's decision to eliminate forward guidance, marking a significant change in its communication strategy. This shift could lead to increased market volatility, particularly affecting risk assets like bonds and Bitcoin. Bessent's support aligns with the incoming Fed leadership's views, indicating a potential change in monetary policy direction.
- ▪Bessent publicly endorsed the Fed's elimination of forward guidance on April 29.
- ▪Forward guidance has been used by the Fed to signal future interest rate movements to the market.
- ▪Analysts suggest that the removal of forward guidance may lead to increased volatility in risk assets, including cryptocurrencies.
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| Original publisher | Crypto Briefing |
| Canonical URL | https://cryptobriefing.com/bessent-backs-fed-eliminating-forward-guidance/ |
| Publication time | Fri, 29 May 2026 20:32:13 +0000 |
| Retrieval time | 2026-05-29T20:50:10.690Z |
| Last seen | 2026-05-29T20:50:10.690Z |
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| Summary source text | contentText |
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| Cluster | gcFY2f86trGy · 2 stories |
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| Publisher visit | Yes — open original |
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| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
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| Commercial reuse | May the content be reused commercially? | Not permitted |
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Opening excerpt (first ~120 words) tap to expand
US Treasury Secretary Bessent backs Fed’s decision to ditch forward guidance The move signals a fundamental shift in how the Federal Reserve communicates with markets, and it could mean more volatility for everything from bonds to Bitcoin. Share Add us on Google by Editorial Team May. 29, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Treasury Secretary Scott Bessent has publicly endorsed the Federal Reserve’s elimination of…
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