U.S. Treasury Denies Yellen Suggested Fed Rate Cut

Unverified reports on August 13 suggested U.S. Treasury Secretary Janet Yellen advocated for a 50 basis point rate cut by the Federal Reserve in September.

The absence of primary-source confirmation undermines the speculation, and the potential market impact remains unsubstantiated, limiting its influence on cryptocurrency trends and investor sentiment.

U.S. Treasury Denies Yellen Suggested Fed Rate Cut

Janet Yellen did not suggest a 50 basis point rate cut despite reports. Official statements and Yellen’s public appearances on August 13 did not include comments urging Fed action. Such speculation remains uncorroborated by the U.S. Treasury.

Clarifications emphasize market stability and the Fed’s autonomy. No directives were issued by U.S. Treasury officials, maintaining standard practice. This clarifies speculative financial market activity unlinked to any verified policy from Yellen or the Treasury.

“As Janet L. Yellen, U.S. Treasury Secretary said, ‘It is crucial that the Federal Reserve maintains its independence in setting monetary policy to ensure financial stability.’” – U.S. Treasury Press Release

Market Speculation Unfounded Without Yellen’s Endorsement

Did you know? In 2024, the Federal Reserve’s first major policy shift—a 50 bps cut—occurred independently of Treasury influence, emphasizing central bank autonomy.

As per the Kiplinger Today Newsletter, Bitcoin (BTC) is priced at $119,883.02, with a market cap of formatNumber(2386305184498, 2), accounting for 58.76% dominance. Its 24-hour trading volume is formatNumber(73038293088, 2) with a 0.91% price rise, showing a strong 7-day increase of 5.26%.

Coincu research team anticipates limited regulatory impacts from any suggested Fed rate actions. Historical trends indicate monetary policy discussions among central banks often prompt speculative moves, yet confirmed policy remains key. No immediate influence from unofficial guidance.