Silver Rises Over 120% YTD 
Published: 13-08-2025, 10:12 am | Updated: 13-08-2025, 08:13 am
Treasury Secretary Scott Bessent suggested the Federal Reserve should consider a larger 50 basis-point rate cut at its September meeting, arguing that revised job data shows the Fed could have started cutting rates earlier.
In a Fox Business interview, Bessent noted that weaker employment figures for May and June only became apparent after the Fed’s July meeting. He also discussed Trump’s Fed board nominee Stephen Miran, expressing hope he’ll be confirmed in time for the September meeting, and mentioned that the search for Jerome Powell’s successor remains wide open.
