US Treasury Secretary Praises Warsh for Eliminating Forward Guidance, Reaffirms Dollar Dominance

PA一线
PA一线
PANews, June 24 – U.S. Treasury Secretary Bessent praised Fed Chair Warsh for eliminating forward guidance, while also stating that no one should be making dot plot forecasts. On the economic front, he expects real wage growth to return to the pace seen before April and anticipates that economic growth will accelerate for the remainder of the year without pushing up inflation. He also said we must not let others hold us back with AI regulatory measures. He stressed that the dominance of the U.S. dollar is crucial. He believes that after the situation in Ukraine ends, Russia will want to return to the dollar system, and the new Venezuela is already moving back into that system. During the period when interest rates are being cut, the dollar can still remain strong, and the U.S. is happy to take the right steps to keep the dollar strong. On the Iran issue, Bessent said the U.S. Treasury will oversee the distribution of funds to Iran, which will initially be disbursed through Qatar, with a significant portion going toward the purchase of U.S. food and medicine supervised by the Treasury, and any funds received by Iran should belong to the Iranian people.
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