U.S. Treasury Secretary Besant said in an interview that the Fed's interest rates should be 150-175 basis points lower than they are now. If the data is accurate, the Fed may cut rates earlier. Besant believes that there is a possibility of a 50 basis point rate cut by the Fed, with a series of rate cuts possibly starting at a 50 basis point cut in September. When mentioning the selection of the Fed chairman, he mentioned that they will cast a net covering 10-11 people. He also said that he had proposed the establishment of a "shadow Fed chairman", but now believes it is unnecessary. In addition, Besant believes that the Fed does not need to reintroduce large-scale asset purchases (QE). When talking about the employment report, he said he does not support stopping the release of the employment report, but emphasizes the need for reliable data. Some analysts say that the likelihood of a 50 basis point rate cut by the Fed in September is almost zero. To achieve this, we may likely need another weak non-farm employment report in September.