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U.S. Treasury Secretary Benson reiterated that the rate cut by the Federal Reserve in September last year was too large.
PANews reported on February 20 that according to Caijing, U.S. Treasury Secretary Besant reiterated that the rate cut by the U.S. Federal Reserve in September last year was too large. He revealed that he has breakfast with Federal Reserve Chairman Powell every week, ‘I saw him yesterday,’ but he will not comment on the current policy of the Federal Reserve, only on the past. The Federal Reserve is reducing its holdings of U.S. debt.