【Deutsche Bank: Bessenet's Rate Cut View Contradicts Federal Reserve Model】According to Golden Finance, Deutsche Bank interest rate strategists stated that U.S. Treasury Secretary Bessenet's view that the Federal Reserve's interest rates are more than one percentage point higher than the appropriate level indicated by the model is incorrect. Bessenet previously stated that "regardless of the model," it suggested that rates "should be 150 to 175 basis points lower." However, the search for models that support this claim has remained fruitless, and a team of Deutsche Bank strategists led by Matthew Raskin has recently joined this verification effort. Raskin, a former Federal Reserve economist and advisor, and his team stated in a report on Tuesday that the rules used by the Federal Reserve in its semiannual monetary policy report "do not clearly indicate a need for rate cuts, let alone cuts of 150 to 175 basis points." They noted: "It should be pointed out that the current federal funds rate is exactly within the relatively narrow range prescribed by the rules, roughly between 4% and 4.65%, suggesting that a 25 basis point cut 'may be reasonable.'"