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📰 U.S. Treasury Secretary: The Federal Reserve indeed needs to cut interest rates
BlockBeats news, April 14th, U.S. Treasury Secretary Bessent stated, "The Federal Reserve can observe for a period before cutting rates; the key is that they truly need to cut rates. We have implemented a 10% tariff under Article 122; currently, the President has not decided to raise the tariff to 15%." (Jin10)
Treasury Secretary Yellen is once again giving the market a warning. $BTC $ETH For this level of macro narrative, what’s needed is certainty, not this ambiguous "need to cut rates." The market has long priced in expectations of rate cuts; now saying "need" is just a way to give a face-saving explanation for potentially delayed decisions. True traders only look at the FOMC dot plot and CPI data; politicians’ words are just tricks. No matter how skillfully liquidity expectations are managed, they can't change the cold numbers on the balance sheet.