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U.S. Treasury Secretary predicts: The Federal Reserve (FED) may cut interest rates by September at the latest.
Gate News bot message, on July 2, U.S. Treasury Secretary Becerra expressed his views on the timing of the Federal Reserve's interest rate cuts. He stated that the fact that tariffs did not prompt the Federal Reserve to lower interest rates is "somewhat puzzling."
When asked whether he believes that Federal Reserve Chairman Powell will lower interest rates before the fall, Bessent responded: "I expect they may act sooner than fall, but they will definitely implement a rate cut by September at the latest."
Source: Jinshi