On July 30, Federal Reserve Chairman Waller reiterated at a press conference that the Fed is firmly committed to achieving a 2% year-over-year inflation target. Waller stated that the committee will steadfastly pursue price stability. In the current uncertain environment, not providing forward guidance is a 'prudent' approach. He emphasized to reporters that the Fed does not have a so-called 'soft inflation target' or any other implicit targets; the only inflation target is 2%. Regarding the overall economic situation, Waller noted that the U.S. economy is showing 'impressive resilience,' and despite facing a series of shocks recently, the overall development trend remains positive.
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Waller Reaffirms 2% Inflation Target, Rejects 'Soft Target' Concept
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US Treasury Secretary Bessent Vows to Track Down Iranian Assets Globally for Terror Victims
US Treasury Secretary Bessent said the US will actively track down Iranian assets worldwide to ensure compensation funds for victims of Iran-backed terrorist activities. Bessent stated that the US government's military and economic blockade measures against the Iranian regime will continue and will not be relaxed. (Jinshi) -
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