The U.S. Secretary of the Treasury affirms that the country's economy will grow without causing inflation.
In the next 48 hours, many important trade-related information will be announced. The Secretary stated that he will act according to the President's directives and explain that the fluctuations of the USD are a natural phenomenon.
MAIN CONTENT
The U.S. is committed to promoting economic growth without causing inflation.
Many new trade news will be announced within the next 48 hours.
USD fluctuations are a normal phenomenon, not an unusual market behavior.
What does the U.S. Secretary of the Treasury say about economic growth and inflation?
Mr. Bessant, U.S. Secretary of the Treasury, emphasizes the goal of achieving sustainable economic growth without increasing inflation, reflecting the U.S. government's stance in its current economic strategy.
I am committed to promoting stable economic development without compromising with high inflation; this is our top priority.
Bessant, U.S. Secretary of the Treasury, July 2024
This indicates that the U.S. government is seeking balanced economic policies to support businesses and consumers while controlling price pressures in the market.
What noteworthy trade news will be announced in the near future?
Information from the U.S. Treasury indicates that many proposals and policies related to trade will be announced within the next 48 hours to facilitate economic and international trade activities.
The changing positions of negotiating parties indicate flexibility and policy adjustments according to actual circumstances, reinforcing confidence in the global business community.
What are the Treasury's and the Federal Reserve's views on interest rates and the USD?
The Secretary affirmed that he personally will adhere to the President's views when dealing with interest rate policies. Furthermore, the fluctuations of the USD are normal in the market cycle, not an unusual phenomenon to be concerned about.
The rise and fall of the USD is a natural movement in the global economy, not an abnormal sign.
Bessant, U.S. Secretary of the Treasury, July 2024
He also remarked that the market may be reflecting former President Trump's views on interest rates, which is an issue not only for the Chairman of the Federal Reserve but for the entire policy committee.
How do USD fluctuations affect global financial markets?
Fluctuations in the value of the USD directly affect exchange rates and international capital flows. According to a leading economist at the IMF in 2023, this is a normal factor in the global economic cycle and facilitates flexible monetary policies.
Positive influencing factors; potential risks; USD fluctuations; adjustments to trade balance, investment opportunities; import inflation, instability of multinational corporate profits; interest rate policies; stimulating credit growth, development investments; high interest rate pressures, reducing consumer purchasing power.
How do financial experts evaluate this commitment?
Mr. James Collins, Chief Economist of the Global Research Institute in 2024, stated: "The U.S. Secretary of the Treasury's commitment to non-inflationary growth reflects caution and flexibility in macro management, aiming for long-term economic stability."
Frequently Asked Questions
What goals is the U.S. Secretary of the Treasury pursuing with the economy?
The goal is to achieve sustainable growth without increasing inflation, balancing the interests of different economic groups, according to official information from the U.S. Treasury in 2024.
Why are USD fluctuations considered normal?
Fluctuations are a natural market phenomenon that helps adjust the economic structure, not an abnormal sign or risk, according to the U.S. Secretary of the Treasury.
How will the new trade information affect businesses?
Favorable trade policies are expected to boost import and export activities and expand markets for global businesses.
What is the Treasury's current stance on interest rates?
The Secretary will act according to the President's directives, while also noting that interest rates are a matter for the entire monetary policy committee.
How can investors respond to fluctuations in the USD exchange rate?
Investors should closely monitor economic developments and consider diversifying their portfolios to mitigate currency fluctuation risks.
Source: https://tintucbitcoin.com/bo-truong-tai-chinh-sap-bao-cao-thuong-mai/
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