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U.S. Treasury Secretary: The Fed's analysis of tariffs "is a bit off."
BlockBeats news, on July 23, U.S. Treasury Secretary Basant discussed the Fed's interest rate decision, stating, "I am not sure what the Fed is considering," and that the Fed's analysis of tariffs "is somewhat off." Basant also mentioned that Trump indicated he would not fire Powell. When talking about Fed Chairman Powell, Basant stated: "We are not in a hurry to act."