U.S. Treasury Secretary Reiterates Rate Cut by September and Says Fed Misjudged Inflation Uptick

By: theblockbeats.news|2025/07/03 03:07:50
Share
copy

BlockBeats News, July 3rd: Nick Timiraos, a reporter for The Wall Street Journal known as the "Fed Whisperer," wrote an article stating that US Treasury Secretary Janet Yellen once again mentioned in an interview that the Federal Reserve should be able to cut interest rates before September based on its own rate-cutting criteria. Yellen said, "I think if the tariff cut doesn't lead to inflation, and if the Fed wants to follow this criterion, I think they can implement it early but definitely before September. However, I do not agree with the Fed's criteria, but if they follow this criterion, why not implement it in the fall?"

Yellen stated that the Fed's forecast of rising inflation is wrong, but he does not question the Fed's view that economic growth will weaken, and he believes that the forecast of economic growth slowing down should prompt the Fed to resume interest rate cuts.

Yellen had previously stated that he would not comment on future monetary policy.

You may also like

Key Market Intelligence as of December 31st, how much did you miss out on?

1. On-chain Volume: $69.3M USD flowed into Ethereum today; $59.5M USD flowed out of Arbitrum 2. Biggest Gainers and Losers: $OMNI, $BETA 3. Top News: LIGHT surged over 250% in the last 2 hours, breaking above $1.1

Long-standing domestic public blockchain NEO sees feud between two co-founders, with opaque finances as the core reason

Domestic AI projects are surging, while domestic public blockchains are bickering

Hong Kong Virtual Asset Trading Platform New Regulations (Part 2): New Circular Issued, Has the Boundary of Virtual Asset Business Been Redefined?

The market's potential to advance is now less about regulatory permissiveness and more about whether participants are truly ready to operate under a more transparent and rigorous ruleset.

DeFi 2.0 Explosion Post-Disorderly Restructuring in 2026

The further disordered reorganization of the macro environment, and the consequent drive toward the DeFi 2.0 explosion, both have clear trends and inevitability.

Fed's Latest Meeting Minutes: Divergence Persists, But "Most" Officials Advocate Continued Rate Cuts

Most participants support a rate cut in December, with a few indicating that this decision was finely balanced and they might have supported standing pat. Those in favor of a rate cut generally pointed to the increased downside risks to employment seen in recent months.

AI Trading in Crypto: How Traders Actually Apply AI in Real Crypto Markets

Artificial intelligence has moved beyond experimentation in crypto markets. In 2025, AI-driven trading tools are increasingly used by traders who want better discipline, faster execution, and more structured decision-making in volatile markets. This guide explains how AI is actually used in crypto trading, step by step — with a focus on how these strategies are executed in real trading environments.

Popular coins

Latest Crypto News

Read more