US Treasury's Bessent says rate cut could start at 25 basis points
ReutersAug 14, 2025 1:30 PM
WASHINGTON, Aug 14 (Reuters) - U.S. Treasury Secretary Scott Bessent on Thursday said conditions now appear more favorable for an interest rate cut, and that the central bank could "start with 25 (basis points) and then accelerate."
"The conditions now are slightly more favorable for a cut," he said in an interview on Fox Business Network, adding that he believes "there is room for a series of rate cuts."
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