In his August 12, 2025 Fox Business interview, how did Treasury Secretary Scott Bessent say the Federal Reserve should size its rate cut at the September FOMC meeting?

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In an August 12, 2025 interview with Fox Business Network, Treasury Secretary Scott Bessent told host Larry Kudlow that the Fed “should get a 50 basis point rate cut in September to make up for the delay,” pressing for a half-percentage-point reduction rather than the quarter-point delivered earlier ). This direct demand breached the norm of Treasury–Fed independence established by the Treasury–Federal Reserve Accord of 1951, which bars Treasury officials from exerting political pressure on monetary policy ).

In his August 12, 2025 Fox Business interview, how did Treasury Secretary Scott Bessent say the Federal Reserve should size its rate cut at the September FOMC meeting?

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