【Bessent: The Probability of the Federal Reserve Cutting Rates by 50 Basis Points is Very High】Golden Finance reports that U.S. Treasury Secretary Bessent stated in an interview that the Federal Reserve's rates should be 150-175 basis points lower than they are now. If the data is accurate, the Federal Reserve might have cut rates earlier. Bessent believes there is a possibility of a 50 basis point rate cut, with a series of cuts potentially beginning with a 50 basis point reduction in September. When mentioning candidates for the Federal Reserve Chair, he indicated that they will cast a wide net encompassing 10-11 people. He also mentioned that he had proposed establishing a 'shadow Federal Reserve Chair', but now believes it is unnecessary. Additionally, Bessent thinks the Federal Reserve does not need to reinstate large-scale asset purchases (QE). When discussing the employment report, he stated that he does not support stopping the release of employment reports but emphasized the need for reliable data. Analysts say that the current probability of the Federal Reserve cutting rates by 50 basis points in September is almost zero. To achieve this, we will likely need another weak non-farm payroll report in September.