Bostic: Rate Cuts May Start at 25 Basis Points and Accelerate, No Call for Fed to Lower Rates to 1.5%
BlockBeats News, August 14—U.S. Treasury Secretary Bessent stated that rate cuts may begin with a 25 basis point reduction and could accelerate, expressing confidence that there is room for a series of rate cuts. She did not call for the Federal Reserve to lower rates to 1.5%. She also did not advocate for consecutive rate cuts, but merely pointed out that models indicate the neutral rate is at a lower level. (Jin10)
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