Treasury’s Bessent urges Fed to weigh 50 bps rate cut in September

Treasury Secretary Scott Bessent said the Federal Reserve should keep the door open to a larger, 50 basis-point rate cut next month, after opting to hold rates steady at its last meeting. Bessent told Fox Business on Tuesday that the real thing now to think about is whether we should get a 50 basis-point rate […] source: https://www.cryptopolitan.com/bessent-urges-fed-to-weigh-50-bps-rate-cut/