Bessent: Bond Yields Show There Is Credibility; Leakage From Japan; Japan Needs Get Their Inflation Problem Under Control

US Treasury Secretary Bessent on Fed: I think we could go into a series of rate cuts. US Treasury Secretary Bessent: We should be 150,-175 bps lower on the Fed's rate now. BESSENT ON FED CHAIR NAMES: GOING TO CAST WIDE NET, 10-11 PEOPLE Bessent States That Trump Previously Considered Yellen and John Taylor for Key Positions BESSENT: I CALLED FOR SHADOW FED CHAIR BUT DON'T THINK SO NOW

BESSENT: FED COULD HAVE CUT IN JUNE IF GIVEN ACCURATE DATA BESSENT: FED SHOULD THINK ABOUT A 50BPS CUT IN SEPTEMBER US Treasury Secretary Bessent on the Fed Governor pick: I am hopeful that US CEA's Miran will be confirmed by the Senate before the September meeting - Fox Business. US Treasury Sec Bessent: Fed Could Have Cut Rates In June With Accurate Data US Treasury Sec Bessent: Trump Has Open Mind On Fed Chair Pick US Treasury Sec Bessent: Seeking Fed Chair Who Can Revamp The Institution US Treasury Sec Bessent: Fed Faces Foundational Issue BESSENT: WILL NEED TO SEE MONTHS, IF NOT A YEAR, OF PROGRESS ON FENTANYL FLOWS BEFORE CHINESE TARIFFS COME DOWN -FOX BUSINESS INTERVIEW US Treasury Secretary Bessent: I will immediately enjoin if court rules against tariffs.

Fed's Goolsbee: It is entirely possible to cut in anticipation if you think inflation is on a path to 2%, then stop or hike if information contradicts. FED'S GOOLSBEE: FED'S FALL RATE-SETTING MEETINGS WILL ALL BE LIVE SOME JOB MARKET DATA SHOW IT'S SOLID, SOME SHOW CONCERNS FED WOULD NEED TO CUT RATES IF LABOR MARKET IS DETERIORATING; NOT SURE THAT'S WHAT'S HAPPENING NEED MULTIPLE MONTHS OF FAVORABLE INFLATION READING TO…