WASHINGTON -- The Federal Reserve is probably going to pause for a while before considering another increase in short-term interest rates, Treasury Secretary Lloyd Bentsen said yesterday.

"I think the Fed has sent a very clear indication that they're ready for a respite to see this thing settle down, and hopefully stabilize," Bentsen told a conference of the National Association of Securities Dealers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.