CoinVoice has recently learned that, according to Jin Shi reports, U.S. Treasury Secretary Becerra stated in an interview that the Federal Reserve's interest rates should be 150-175 basis points lower than they are now, and there is a high likelihood of a 50 basis point rate cut, possibly starting in September.

He also mentioned that the Federal Reserve does not need to re-implement large-scale asset purchases (QE) and emphasized the need for reliable employment data. Analysts point out that the current probability of the Federal Reserve cutting rates by 50 basis points in September is almost zero, and it will depend on the performance of the non-farm payroll report. [Original link]