U.S. Treasury Secretary Scott Bessent has publicly advocated for the Federal Reserve to consider a 50 basis-point interest rate cut in September 2025, marking a potential shift in monetary policy to support the economy. Bessent stated that the current Fed rates are "too constrictive" and suggested that rates should be 150 to 175 basis points lower than present levels. He indicated that the Fed could have initiated rate cuts earlier in the year if revised economic data had been available sooner. Bessent also mentioned the possibility of a series of rate cuts beginning with a half-point reduction next month. Market sentiment reflects these expectations, with over a 90% probability priced in for at least a 25 basis-point cut in September. JPMorgan forecasts four rate cuts in 2025, starting as early as September, potentially lowering the benchmark rate to between 3.25% and 3.5%. Despite these expectations, some analysts caution that even with rate cuts, the Federal Reserve might still disappoint stock market investors. Bessent's comments underscore a growing consensus for monetary easing amid concerns about economic growth and labor market revisions.