U.S. Treasury Secretary Besant: The Fed Can Wait and Observe for a While Before Cutting Rates

Odaily News U.S. Treasury Secretary Besant stated that the Federal Reserve can wait and observe for a while before cutting interest rates, emphasizing that the key is whether a rate cut is truly necessary. The Fed should wait until Wash is in place before taking action and is quite confident that core inflation will continue to decline. Besant also mentioned that the 10% tariff stipulated in Section 122 has already been implemented, and President Trump has not yet decided to increase this rate to 15%. (Jin10)