
Nick Timiraos|Jul 03, 2025 01:37
Treasury Secretary Scott Bessent says the Fed should be able to cut rates by September based on their own criteria for lowering rates.
INGRAHAM: Do you think Powell will lower rates by the fall as it looks like Goldman Sachs is even beginning to recommend from their latest recommendations? [N.B.: Goldman was predicting what the Fed was most likely to do based on Goldman's economic forecast and evaluation of the Fed's reaction function to said forecast]
BESSENT: Look, I think if the criteria is that tariffs were not inflationary, if they're going to follow that criteria, I think that they could do it sooner than then, but certainly by September. But again, I don't agree with their criteria, but if you're following that criteria, sure, why not the fall?
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