US Treasury Secretary: Federal Reserve may cut interest rates in September or 'earlier'

According to Caixin News Agency, US Treasury Secretary Scott Besant stated on Tuesday that he believes the Federal Reserve may cut interest rates in September or "earlier" as President Trump's tariffs have only caused mild inflation so far. I think the key is that tariffs did not trigger inflation. If the Federal Reserve had followed this standard, I think they might have acted earlier than September, and of course they would have lowered rates before September, "Besant added." I guess this' tariff disorder syndrome 'even affects the Federal Reserve. "He made the above remarks on Fox News'" Ingram View "program at a time when his boss, President Trump, was increasing pressure on the Federal Reserve and Chairman Powell to lower interest rates by up to 3 percentage points.