Besant: The Federal Reserve (FED) may cut interest rates in September or earlier.

According to ChainCatcher news, as reported by Jin10, U.S. Treasury Secretary Basant stated on Tuesday night that he believes the Federal Reserve (FED) may lower interest rates in September or "earlier" since, so far, Trump's tariffs have only triggered mild inflation. "I believe the standard is that tariffs will not cause inflation. If they are to adhere to this standard, I think they might take action sooner, but certainly before September," Bessent said, "I guess this tariff dislocation syndrome might even occur at The Federal Reserve (FED)." At the time of Bessent's remarks, Trump intensified his pressure on The Federal Reserve (FED) and Powell, demanding that interest rates be lowered by up to 3 percentage points.