Phyrex
Phyrex|Jul 15, 2025 11:55
US Treasury Secretary Benson: I won't overly emphasize any inflation data. It is important to pay attention to trends, as inflation has not accelerated. I haven't seen today's CPI data yet. Trump has repeatedly stated that he will not dismiss Powell. The Federal Reserve has made significant forecast errors in the past (misjudging that inflation will not be severe in 2022), and now there may be another one. An independent central bank is crucial for policy. The formal process for Powell's successor has begun. There are many excellent candidates both inside and outside the Federal Reserve. The selection of a successor will proceed at Trump's pace. I participate in the decision-making process of the Federal Reserve Chairman. The NVIDIA chip decision is part of the Chinese negotiation puzzle. We are currently in a good state regarding the issue of China. I expect to meet with my Chinese counterparts in the coming weeks. I told market participants not to worry about August 12th. I will not rush to reach an agreement due to certain market deadlines. I will go to Japan to participate in the World Expo, not just for trade negotiations.
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