Fed's Bowman: Fed employees should be allowed to hold a small amount of encryption products.

Zelensky stated that "it is impossible to cede territory to Russia."

I woke up and found that my sleeping position seemed off, so I will restart.

I think when I wake up I can see new highs for $BTC, $ETH, and $BNB. If I don't see it, I'll just sleep a bit more. Sleep.

Goldman Sachs Macro Research: We expect the Fed to cut rates by 25 basis points in September, October, and December this year. We also expect the Fed to cut rates twice more in 2026, each by 25 basis points, with a terminal interest rate range of 3%-3.25%.

Trump: The Fed should lower interest rates. Our interest rate should be 1%. We should be 3 or 4 percentage points lower. This is actually just a paper calculation. We will appoint a new chairman soon.

US Treasury Secretary Basent: Trump proposed a protocol with NVIDIA, which is a unique solution. I can envision similar arrangements for Nvidia emerging in other cases over time. I do not want Huawei to have the digital Belt and Road.
Taxpayers benefit from NVIDIA's sales in China. We can discuss the use of Nvidia chips with China. Many Chinese technologies are developing in line with the United States. Revenue arranged by NVIDIA will be used to pay off debts.
My point is that China will bear these tariffs. We will see a return to normal, pre-pandemic profit margin levels. We are talking about

Beisent believes that there is a high possibility of a significant interest rate cut in September.
Treasury Secretary Becerra stated that there is a high possibility that the Federal Reserve will cut interest rates by 0.5 percentage points next month. He pointed out that the significant downward revision of non-farm payrolls indicates that the Federal Reserve could have lowered interest rates at its last two meetings.
"This tells me there is a great chance of a 50 basis point rate cut," Bessent said in an interview with Bloomberg TV, adding that he is hopeful about the September meeting.

😂 I really don't want to write the weekly report, I've dragged it to now without writing a single word.

U.S. Treasury Secretary Basent: The Fed should consider lowering the interest rate by 50 basis points in September. If there were accurate data, the Fed could have cut rates in June. Trump is open to choosing a Fed chairman. We hope to find a candidate who can reshape the Fed. There is a fundamental issue with the Fed.

U.S. Treasury Secretary Besant: Trump has a very good relationship with the Chinese President. We are working with China to address several variables. We will meet with Chinese officials again in the next two to three months. Chinese tariffs will not decrease until we see progress on the flow of fentanyl over several months, or even a year.

As of the close of the U.S. stock market, both the Nasdaq and the S&P 500 have hit new highs.

Trump is considering suing Fed Chairman Powell.

The Ministry of Finance: U.S. customs tariffs reached a monthly record high of $28 billion in July.

Fed's Barkin: We may see pressure on inflation and unemployment rates, and the balance between the two is still unclear.

Due to security concerns, China has ordered technology companies, including ByteDance, Alibaba, and Tencent, to suspend purchases of Nvidia chips.
Regulators have required the company to stop new chip purchases until an investigation into potential safety risks is completed.

Trump calls for an immediate rate cut and threatens to sue Fed Chairman Powell.
He criticized Powell for being "too late," accusing him of causing serious policy delays.
Trump also hinted at filing a major lawsuit regarding the $3 billion cost overrun in the renovation of the Fed building, stating that the expense should be $50 million.
He mocked former Treasury Secretary Mnuchin, accusing him of recommending Powell.
Nonetheless, Trump stated that the economy is strong enough to surpass the Fed's leadership.