Treasury Secretary Calls for Fed Rate Cuts: Potential Impact on Crypto and Equities

U.S. Treasury Secretary Scott Bessent has urged the Federal Reserve to implement a series of rate cuts, proposing an initial 50 basis point reduction by September 2025. His recommendation is based on data indicating substantial changes in U.S. labor market conditions and aims for a total reduction of at least 150 basis points. Bessent’s proposal suggests a potential shift in capital markets, impacting cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), with investors anticipating increased risk appetite and policy changes.