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📅 July 3, 7:00 – July 9,
U.S. Treasury Secretary Becerra recently issued a warning that if negotiations with trade partners do not make substantial progress, tariffs may return to levels seen on April 2. He urged trade partners to accelerate the pace of negotiations and revealed that he will meet with EU representatives, but remains cautious about the outcome of the talks.
In terms of debt issues, Besant has shown strong confidence. He stated that the demand for U.S. Treasury bonds is robust, with domestic and foreign investors remaining enthusiastic, and he noted that the U.S. debt management situation is good. Regarding interest rates, Besant suggested that the current overnight rates may be somewhat high, a view he derived from the two-year Treasury yield. He also predicted that inflationary pressures would gradually ease.
Besant criticized the Federal Reserve's decisions, believing there are certain biases, and suggested that the Fed should control the scale of spending to improve budget management. When asked if he wanted Fed Chairman Powell to resign, Besant did not give a clear answer, only stating that there are several excellent candidates for the chairmanship and mentioning that there may be two vacancies on the Federal Reserve Board to fill next year.
These remarks reflect the U.S. Treasury's views on the current economic situation, as well as its positions on key areas such as trade, debt, and monetary policy. Besant's speech not only addressed the urgency of international trade negotiations but also touched on various aspects of domestic economic management, demonstrating the multiple considerations of the U.S. government in responding to complex economic circumstances.