basant

According to Jin10, U.S. Treasury Secretary Basant stated that it is crucial to finalize the legislation on cryptocurrency as soon as possible, and Trump will sign it this spring.

According to Jinshi, U.S. Treasury Secretary Basant stated that speculation about the Federal Reserve Chair nominee will be announced in early January, and the Supreme Court will make a ruling on tariff issues in early January.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated that he is confident inflation will continue to decline, approaching the Federal Reserve's 2% target.

ChainCatcher news, according to Jinshi reports, former St. Louis Fed President Bullard has communicated with U.S. Treasury Secretary Yellen regarding the position of Federal Reserve Chair.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Becerra expressed an optimistic view on the Federal Reserve's meeting in September.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Bessent stated that a series of interest rate cuts may begin with a 50 basis point cut in September.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Besant stated that there are fundamental issues with the Federal Reserve.

ChainCatcher news, U.S. President Trump stated that many candidates for the Federal Reserve Chair are outstanding, and the selection will be made from four individuals, with a decision coming soon. Waller is good, both Kevins are very good, and others are also great.In addition, U.S. Treasury Secretary Basant will be removed from the list of Federal Reserve Chair candidates, as Basant wants to stay at the Treasury and may use Kogler's vacancy to select the future Federal Reserve Chair.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Besant stated, "There is no clear reason for not lowering interest rates. A good list of candidates for Federal Reserve Chair should be compiled. There will be two vacancies on the Federal Reserve Board. The nomination list for the Federal Reserve Chair is expected to be announced by the end of the year."

ChainCatcher news, U.S. Treasury Secretary Basant stated, "If no agreement is reached, trade negotiations can continue after August 1. I expect August to be busy, with trade agreements still to be made."

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basant stated that trade negotiations are currently underway, and he is more concerned about reaching a high-quality agreement rather than completing it before August 1. Basant mentioned that they are not in a hurry, but it can be imagined that the EU would prefer to negotiate more quickly; however, at least the EU has become more engaged now. Their top priority is to secure the best deal for the U.S. (on the Japan issue).Some analysts say that Basant's remarks indicate that there is likely to be a "delay tactic" again by August 1, so people can stay tuned. Meanwhile, regarding Powell, Basant stated, "Ultimately, this is Trump's decision on Powell." He then added that they need to view the Federal Reserve as a whole institution.

ChainCatcher news, according to Jinshi Data reports, U.S. Treasury Secretary Basent suggested that Federal Reserve Chairman Powell should step down from the Federal Reserve Board when his term as chairman ends in May 2026. Basent stated on Tuesday, "Traditionally, the Federal Reserve chairman also resigns from the board upon leaving office. There has been much discussion about a 'shadow Federal Reserve chairman,' which could cause confusion before an official nomination. I can say clearly that if the former Federal Reserve chairman continues to serve on the board, it could be very confusing for the market." Powell's term as a Federal Reserve Board member does not end until January 2028, which means that even if his term as chairman ends next May, he could still remain at the Federal Reserve and participate in monetary policy formulation.Regarding whether he will continue to serve on the board, Powell has repeatedly avoided responding. This silence complicates decision-making for President Trump and his aides as they adjust the Federal Reserve leadership next year. Basent also stated, "The formal process for determining the nomination of the next Federal Reserve chairman has begun, and there are many excellent candidates both inside and outside the Federal Reserve."

ChainCatcher News, White House: Reports regarding U.S. Treasury Secretary Basant being considered as a candidate for the next Federal Reserve Chair are not true.Previously, sources indicated that Powell's term as Federal Reserve Chair is set to expire in 2026. U.S. Treasury Secretary Basant is seen as one of the candidates for the next Federal Reserve Chair. The formal interview process for the next Federal Reserve Chair candidate has not yet begun.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Mnuchin stated that he hopes to secure long-term tariff revenue and agreements, and the U.S. will hold talks with at least 17 partners in the coming weeks. There is a significant chance of seeing income tax cuts in the tax bill, and tariff revenue may be used for tax reductions. U.S. President Trump is creating strategic uncertainty in the negotiations, and the range of uncertainty will gradually narrow.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basant stated that the first trade agreement may be reached as early as this week or next week.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Besant stated that tariff negotiations can never be a lengthy process. The U.S. and India are very close to reaching an agreement on tariff agreements.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated that the tariff level will be the ceiling if other countries do not take retaliatory measures.

ChainCatcher news, according to Walter Bloomberg, U.S. Treasury Secretary Basant stated that Wall Street's wealth has been growing for forty years, "in the next four years, it's the turn of the ordinary people to become wealthy."

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Mnuchin stated that President Trump has asked me to reconsider the U.S. sanctions policy, as the sanctions regime is undermining the dollar's status as a reserve currency.