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🔥U.S. Treasury Secretary says the Federal Reserve indeed needs to cut interest rates
On April 14, U.S. Treasury Secretary Bessent said the Federal Reserve can first observe for a period before cutting rates, with the focus being that they truly need to cut interest rates. Bessent also mentioned that a 10% tariff under the 122 provisions has already been implemented, and the President has not yet decided to raise this tariff rate to 15%.