US Treasury’s Bessent Set On Lowering Interest Rates, But May Face Pushback

US Treasury Secretary Scott Bessent recently claimed that the Trump administration is determined to lower interest rates. However, Fed Chair Jerome Powell opposes the move and may be a significant obstacle. Additionally, US-China tariffs may create additional pressure on crypto markets, diminishing the short-term positive impact of rate cuts. Trump’s Crypto Reserve policy is already struggling... source: https://beincrypto.com/fed-bessent-lower-interest-rates-amid-tariffs/