US Treasury Secretary Benson warned US trading partners not to extend trade negotiations, saying that if no progress is made, tariffs could return to the level of April 2. Benson revealed that he will meet with EU negotiators today. When asked about the outcome of the discussions, he simply said, "We'll see what happens with the EU." On the issue of US debt, Benson expressed confidence in market demand. He stated, "There is a great demand for US Treasury bonds," and demand for US Treasury bonds remains strong both domestically and internationally. He described the debt management process as "orderly." Benson also commented on interest rates, implying that "two-year Treasury bonds tell you that overnight rates are too high," and that "inflation expectations should come down." He criticized the Federal Reserve, saying that the committee's judgment "seems a bit off." Regarding the operation of the Federal Reserve, Benson stated, "For the Federal Reserve, controlling expenses is beneficial," and he hopes to "see the Federal Reserve adjust its budget size reasonably." When asked if he hopes Federal Reserve Chairman Powell will resign, Benson refused to give a specific response. He pointed out that there are "many strong candidates for Federal Reserve Chairman," and mentioned the possibility of "filling two Federal Reserve Board positions next year."