Fed could lower interest rates by September: US Treasury chief

Federal Reserve headquarters

US Treasury Secretary Scott Bessent said on Tuesday he believes the Federal Reserve could lower interest rates by September.
 
His comments on the Fox News show "The Ingraham Angle," come as President Donald Trump repeatedly urges the Fed to lower rates from their current 4.25%-4.50% range.
 
"I think that 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," Bessent said.

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