The Federal Reserve should consider reducing the average of 50 basis points star-news.press/wp
Treasury Secretary, Scott Payette, suggested that the Federal Reserve should consider reducing the rate of fees in his meeting in September.
Bessent connects soft inflation data by reducing the largest fees in September
According to Bloomberg reportPesin said the central bank should be open to reduce the 50th fee rate mainly after step -by -step at the last policy meeting. He made statements shortly after the launch of inflation data in July, which he described as “incredible”.
The last consumer price index showed a 0.2 % increase from the previous month. The basic inflation, which excludes food and energy, increased by 0.3 %, in line with economists’ expectations.
While the costs of services increased, goods prices were more restricted despite President Donald Trump’s rise. BESSENT referred to these numbers as evidence that the Federal Reserve has a space to work more to monetary policy. This can include reducing the rate of fees.
He also expressed optimism that Stephen Miran, Trump’s candidate for the Open Federal Reserve seat, will be confirmed before the September 16-17 policy meeting. Miran is currently the Chairman of the Economic House of Economists at the White House.
If it is approved, it will fill the operating period until January, and Bessent indicated that Miran may remain longer. In addition to the debate about reducing the rate of fees, the Treasury Secretary also discussed the search for a new federal spare chair, with the end of the Jerome Powell period in May.
He said that Trump is considering a wide range of candidates and confirmed three main qualities for this role. These are strong views on monetary policy, a clear approach to organizational policy, and the ability to manage and reform the Federal Reserve Bank as an institution. He said that the central bank has become “amputated” over time, which endangered its independence.
Bess’s payment phase of the Federal Reserve meeting in September
Trump has repeatedly criticized Powell for his failure to perform any fee rate this year. In addition, FBI officials have called for more evidence of the effect of inflation of tariffs.
BESSENT comments indicate that the administration will prefer to reduce the fastest and more essential fee to support economic growth. Payment comes to reduce half a point where economic policy makers weigh how to balance inflation control while maintaining momentum in the economy.
The next September meeting is likely to be monitored to obtain signs about whether the Federal Reserve will follow the Bess’s recommendation to reduce the fee rate.
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Paul Adedoyin is an encryption journalist with more than 4 years of experience that provides timely news, in -depth research, and insightful content to inform and empower his fans. His works appeared in sites like Cryptomode, Cryptonewsflash and others. He holds a certificate in geophysics from OAU, Nigeria. When he does not write, he loves to watch football and read educational magazines. It can be accessed via (e -mail reserve)
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2025-08-12 22:01:00
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