Bessent: Not urging the Fed to cut rates, just citing model results

On August 14, U.S. Treasury Secretary Bessent stated that he is not asking the Federal Reserve to implement a series of rate cuts, but simply pointing out that models indicate a 'neutral' rate will be about 1.5 percentage points lower than it is now. Bessent said, 'I am not telling the Fed what to do.' He was referring to comments made the previous day regarding the Fed 'possibly starting a series of rate cuts.' Bessent stated on Thursday, 'What I said is that to reach a neutral rate, we would need to cut rates by about 150 basis points. If you believe in the existence of a neutral rate, I think there is room for a series of rate cuts, but I am not calling for rate cuts, nor have I done so; I am just saying that the model estimates the neutral rate to be about 150 basis points lower than the current level.' #BTC再创新高