According to Bloomberg, U.S. Treasury Secretary Scott Bessent stated that the Fed should consider implementing a 50 basis point cut at the meeting on September 16-17, citing that the latest revisions show that job growth in May and June was weaker than previously reported, while the latest inflation data did not rise as expected due to tariffs pushing up commodity prices. He hopes that Stephen Miran, the Federal Reserve Board of Governors nominee proposed by President Donald Trump, can be confirmed by the Senate before the meeting, and he stated that this appointment would change the composition of the Fed.