U.S. Treasury Secretary Discusses Federal Reserve's Role in Interest Rate Decisions

According to Odaily, U.S. Treasury Secretary Besent stated that the Federal Reserve will determine whether to lower interest rates. Over the next 72 hours, efforts will be focused on trade negotiations, primarily with 18 countries that account for 95% of the U.S. trade deficit. Additionally, 100 smaller countries will be assigned fixed tariff rates, with many nations having never engaged in direct contact with the U.S.