US Treasury Secretary Bessant: The Federal Reserve can observe the situation for a period of time before cutting interest rates.

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According to TechFlow TechFlow, on April 14th, US Treasury Secretary Bessant stated that the Federal Reserve could observe the situation for a period of time before cutting interest rates, emphasizing the crucial point that a rate cut is indeed necessary. The Fed should wait until Warsh is in place before taking action, expressing considerable confidence that core inflation will continue to decline. Bessant also noted that the 10% tariff stipulated in Section 122 has already been implemented, and President Trump has not yet decided to raise the rate to 15%. (Jinshi)

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