US Treasury Secretary Scott Bessent indicated that the Federal Reserve could cut interest rates by September or potentially sooner. He emphasized that the decision ultimately rests with the Fed, noting that current real interest rates remain very high. Bessent suggested that if the Fed does not implement a rate cut in the near term, the reduction in September might be larger. His comments also referenced the limited inflation impact of President Trump's tariffs as a factor that could influence the timing of rate cuts. Bessent's remarks align with some market expectations and recent recommendations from financial institutions like Goldman Sachs regarding potential rate reductions in the fall.