PANews reported on April 14 that U.S. Treasury Secretary Bessant stated that the Federal Reserve can observe the situation for a period of time before cutting interest rates; the key point is that they actually need to cut rates. We have already implemented the 10% tariff stipulated in Section 122; the president has not yet decided to raise that tariff rate to 15%.

(When asked about the International Monetary Fund's downward revision of global economic growth forecasts) Bessant said he was less concerned about short-term forecasts and more focused on long-term security.