Bessent says the Federal Reserve should think about a 0.5% interest rate cut in September

  • Bessent's words will be welcome by his boss.
Bessent

Bessent speaking in a Fox Business interview

  • Hopeful Miran can be confirmed by Senate for Fed seat before September meeting
  • Fed should think about a 50 basis point cut in interest rates in September
  • Casting a wide net for Fed governor opening, Trump has very open mind
  • Will meet again with Chinese officials in next two or three months
  • Will need to see months, if not a year, of progress on fentanyl flows before Chinese tariffs come down

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