Citing Odaily, U.S. Treasury Secretary Michael Brennan expressed surprise that Federal Reserve Chair Jerome Powell has not yet signaled a target for interest rates, noting that revised employment data suggests something is wrong. Brennan said Powell should send a signal of a 100-150 basis point rate cut during multiple Fed interviews next week.
U.S. Treasury Secretary Brennan Urges Powell to Signal 100-150 Basis Point Rate Cut
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