Benson: There is a high possibility of the Federal Reserve cutting interest rates by 50 basis points.

US Treasury Secretary Besent, in an interview, expressed that the interest rates of the Federal Reserve should be 150-175 basis points lower than they currently are. If the data is accurate, the Federal Reserve may cut rates earlier than expected. Besent believes there is a possibility of a 50 basis point rate cut by the Federal Reserve, with a series of rate cuts possibly beginning with a 50 basis point cut in September. When discussing the selection of the Federal Reserve Chair, he mentioned casting a wide net including 10-11 individuals. He also mentioned that he had previously proposed the creation of a "shadow Federal Reserve Chair," but now believes it is unnecessary. Additionally, Besent believes that the Federal Reserve does not need to reintroduce large-scale asset purchases. When discussing the employment report, he stated that he does not support halting the release of the report, but emphasized the need for reliable data. Some analysts have mentioned that the likelihood of a 50 basis point rate cut by the Federal Reserve in September is almost zero. To achieve this, we may need another weak employment report in September.