According to BlockBeats, on July 3, (Wall Street Journal) reporter Nick Timiraos stated that U.S. Treasury Secretary Becent suggested that the Federal Reserve should cut interest rates before September. Becent believes that if the standard for rate cuts is that tariffs do not lead to inflation, the Federal Reserve could implement rate cuts earlier.
Becent pointed out that the Federal Reserve's prediction of rising inflation is incorrect, but he agrees with the view that economic growth is weakening. He believes that the forecast of slowing economic growth should prompt the Federal Reserve to resume interest rate cuts. Becent has previously stated that he would not comment on future monetary policy.