U.S. Treasury Secretary Scott Bessent has again criticized Jerome Powell over his failure to signal a potential Fed rate cut easing cycle. Bessent believes that the Fed should cut rates by up to 150 basis points (bps), a development that would impact the crypto market. The Treasury Secretary stated during a FOX Business interview that he is surprised that Powell hasn’t signaled a destination of at least 100 to 150 basis points before the end of the year. This came as he declared that interest rates have been high for too long and are restrictive.