U.S. Treasury Secretary Suggests Possible Early Interest Rate Cut

According to PANews, U.S. Treasury Secretary Scott Besant stated on Tuesday that the tariffs imposed by U.S. President Donald Trump have only led to mild inflation, suggesting that the Federal Reserve might lower interest rates in September or even earlier. Besant emphasized that the key factor is the lack of inflation caused by the tariffs, which could prompt the Federal Reserve to act sooner than September. He added that the 'tariff disorder syndrome' might also be influencing the Federal Reserve's decisions. Besant made these remarks during an appearance on Fox News' 'The Ingraham Angle,' as President Trump continues to pressure the Federal Reserve and its Chairman Jerome Powell to reduce interest rates by up to three percentage points.