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Bessent stated that current interest rates are 'too restrictive' and called for the Fed to initiate 'compensatory' rate cuts totaling more than 150 basis points. Analysts warn that the contradiction between inflation and employment data, along with pressure from the White House and internal hawk-dove tensions, complicates the decision-making process.
U.S. Treasury Secretary Bessent publicly stated that the current interest rate level is 'too restrictive' and believes the benchmark rate should be lowered by 150-175 basis points. In an interview with Bloomberg Television, he predicted that the Fed may initiate a series of rate cuts in the coming months, with September likely to see the first implementation of a 50 basis point 'compensatory' cut.