Treasury Secretary Scott Bessent said the Federal Reserve should keep the door open to a larger, 50 basis-point rate cut next month, after opting to hold rates steady at its last meeting. Bessent told Fox Business on Tuesday that the real thing now to think about is whether we should get a 50 basis-point rate

President Donald Trump on Tuesday morning made his latest call for the Federal Reserve to lower interest rates following July’s inflation report. But the president didn’t say by how much.

Scott Bessent urges the Fed to consider a fee rate cut in September, citing soft inflation and Trump’s push for faster economic growth.