US Treasury chief says he thinks Fed could lower interest rates by September

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Tuesday he believes the Federal Reserve could lower interest rates by September.

His comments on the Fox News show “The Ingraham Angle,” come as President Donald Trump repeatedly urges the Fed to lower rates from their current 4.25%-4.50% range.

“I think that the criteria is that tariffs were not inflationary. If they’re going to follow that criteria, I think that they could do it sooner than then, but certainly by September,” Bessent said.

“I don’t agree with their criteria, but if you’re following that criteria, sure, why not the fall?”

(Reporting by Jasper Ward; Editing by Scott Malone and Tom Hogue)