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The U.S. Treasury Secretary stated: The possibility of the Federal Reserve delaying the interest rate cut is quite large.
According to Gate News bot, as reported by Jin10, on July 1, U.S. Treasury Secretary Basant reiterated her view on the Federal Reserve delaying interest rate cuts. She stated that the Federal Reserve may wait longer than expected to cut rates. Basant also emphasized her responsibilities at the Treasury, stating, "I will fulfill my duties where needed, but we have a lot of work to do at the Treasury."