Bessent Tells the Fed Not to Hike “Too Much”247wallst.com's November 14, 2026 article reports Treasury Secretary Scott Bessent's warning on CNBC that it would be a mistake for the Federal Reserve to "hike too much into an energy supply shock," saying the shock is easing, that gasoline is below $4 a gallon and oil is down $20, and urging the Fed to look ahead rather than past data. The article notes the Fed, which raised rates to 3.75%-4.00% in September, leaned toward another hike as services inflation persists and yields rose across the week, and it expects near-term risks for the iShares 20+ Year Treasury Bond ETF to lean toward further losses ahead of the Fed's December meeting and the November producer price report.