Scott Bessent Proposes 50 BPS Rate Cut by the Fed in September 2025!

Updated

August 14, 2025

Gambar Scott Bessent Proposes 50 BPS Rate Cut by the Fed in September 2025!

Jakarta, Pintu News – Scott Bessent, US Secretary of the Treasury, suggested that the Federal Reserve consider a larger interest rate cut at its September meeting.

Check out the full information in this article!

Proposed Interest Rate Cut Based on Inflation Data

According to a report from Bloomberg, Bessent revealed that the central bank should be open to a 50 basis points rate cut after taking no action at the last policy meeting. This comment came after July’s inflation data which he deemed “exceptional”.

The latest consumer price index data showed an increase of 0.2% from the previous month. Core inflation, which excludes food and energy, rose by 0.3%, in line with economists’ expectations. Although the cost of services increased, goods prices were more restrained despite the tariff hikes recently imposed by President Donald Trump.

Optimism on Fed Board Candidates

Bessent also expressed optimism that Stephen Miran, Trump’s nominee for the vacant seat on the Fed board, would be confirmed before the September 16-17 policy meeting. Currently, Miran serves as the head of the White House Council of Economic Advisers.

If approved, Miran would fill the role until January, and Bessent noted that Miran could potentially stay longer. In addition to discussing interest rate cuts, the Secretary of the Treasury also addressed the search for a new Federal Reserve chairman, given that Jerome Powell’s term will end in May.

Criticism of Fed Policy and Its Impact

Trump has repeatedly criticized Powell for not making a rate cut this year. In addition, Fed officials have asked for more evidence on the inflationary impact of rising rates.

Bessent’s comments suggest that the administration favors faster and more substantial rate cuts to support economic growth. This push for a half-point cut comes as economic policymakers consider how to balance inflation control with maintaining momentum in the economy.

Conclusion

The upcoming September meeting will be closely watched to see if the Fed will follow Bessent’s recommendation on cutting interest rates. This looser monetary policy is expected to provide impetus for more stable economic growth amid global uncertainties.

This decision will not only affect financial markets, but also have long-term implications for US and global economic policy. Thus, the Fed’s move this September is crucial in determining the future direction of the economy.

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