🔥 Fed Under Fire: Treasury Chief Bets on September Rate Cuts! 💸
U.S. Treasury Secretary Scott Bessent has launched a bold critique against the Federal Reserve, declaring current real interest rates "very high" and urging immediate cuts. In a fiery Fox News appearance, Bessent argued:
> “The Fed’s judgment seems off 📉. If they don’t act soon, we could see a major cut in September—especially since President Trump’s tariffs aren’t fueling inflation as the Fed fears.”
His comments clash with Fed Chair Jerome Powell, who insists $TRUMP ’s tariffs block rate cuts by risking higher consumer prices 🛑. Yet Bessent doubled down:
> *“Last year, the Fed cut rates when inflation was higher! Now they’re hesitating—it’s ‘tariff derangement syndrome.’”
Why Crypto Markets Are Watching 🚀
- Lower rates = weaker dollar: Historically boosts Bitcoin $BTC & crypto as alternative assets.
- Goldman Sachs agrees: Predicts a September cut, followed by two more in 2025 📅 .
- Market optimism: Bets on cheaper borrowing could fuel crypto investment surges!
💡 The Bottom Line: A Fed pivot to rate cuts may ignite the next crypto rally. Stay tuned for September!