U.S. Treasury Secretary: Tariffs are not the driver of inflation, the Fed may cut interest rates before September.

According to Zhtng Cijng APP, U.S. Treasury Secretary Scott Bessent said on Tuesday that he believes the Federal Reserve may lower interest rates before September. At this moment, U.S. President Donald Trump is urging the Federal Reserve multiple times to lower interest rates from the current range of 4.25% - 4.50%.