【Becente: The likelihood of the Federal Reserve cutting interest rates by 50 basis points is very high】Golden Finance reported that U.S. Treasury Secretary Becente stated in an interview that the Federal Reserve's interest 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. Becente believes there is a possibility of a 50 basis point cut, with a series of cuts potentially starting with a 50 basis point reduction in September. When mentioning the candidates for the Federal Reserve Chairman, he noted that they would cast a wide net including 10-11 people. He also mentioned that he had previously proposed establishing a 'shadow Federal Reserve Chairman', but now thinks it is unnecessary. Furthermore, Becente believes the Federal Reserve does not need to reimplement large-scale asset purchases (QE). When discussing the employment report, he expressed that he does not support stopping the release of employment reports but emphasized the need for reliable data. Some analysts stated that the current likelihood of a 50 basis point cut in September by the Federal Reserve is almost zero. To achieve this, we will likely need another weak non-farm payroll report in September.