ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated in an interview that the Federal Reserve's interest rates should be 150-175 basis points lower than they are now, and he believes there is a high probability of a 50 basis point rate cut, possibly starting in September. He also mentioned that the Fed does not need to reimplement large-scale asset purchases (QE) and emphasized the need for reliable employment data. Analysts pointed out that the current likelihood of a 50 basis point rate cut by the Fed in September is almost zero, relying on the performance of the non-farm payroll report.