News list for " Press Conference"
On February 5th, David Sacks answered the last question of the Q & A session of the press conference, saying that studying the feasibility of bitcoin reserves is one of the first things the president has directed him to do, and will be studied as part of an internal government working group. "Placing cryptocurrencies in sovereign wealth funds" is another question that cannot be answered at this conference. Previously, it was reported that US President Donald Trump signed an executive order on Mo...
On February 2nd, Canadian Prime Minister Trudeau said at a press conference that Canada will impose 25% tariffs on US goods worth 155 billion Canadian dollars, including tariffs on goods worth 30 billion Canadian dollars immediately starting Tuesday, and further tariffs on US products worth 125 billion dollars will be imposed within 21 days.
White House Press Secretary Levitt confirmed at a press conference that the Trump administration will impose 25% tariffs on Mexican and Canadian goods from February 1, and denied Reuters' claim that the Mexican-Canadian tariffs will take effect on March 1, allowing the two countries to apply for a small exemption. After the news was announced, the US dollar index DXY rebounded by up to 69 points from the daily low to 108.48, and the US dollar against the Canadian dollar USD/CAD erased its previo...
Federal Reserve Chairperson Jerome Powell told a press conference that it is too early to say what President Donald Trump's policies will do and that the Fed will take time to assess what the new government policy regime means. Fed officials are "waiting" for the new president to enact which policies. He said: "We don't know what will happen with tariffs, immigration, fiscal policy and regulatory policy. We will be watching closely what is being implemented. The Fed will not rush to develop a po...
Federal Reserve Chairperson Jerome Powell told a news conference that the cryptocurrency industry could benefit from more regulations governing its behavior. "We're not against innovation, we're not against banks interacting with the cryptocurrency space," he said. "But it would be helpful to have a larger regulator around cryptocurrencies. That would be a very constructive thing for Congress to do." (Kim X)
Fed Chairperson Jerome Powell hinted at a press conference that the central bank still has room to manoeuvre in reducing the size of its balance sheet. He said the banking system was still "well-stocked" and the Fed still had firm control over the federal funds rate. As for when the Fed should stop shrinking its balance sheet, Powell said: "I don't have anything to say about a specific date." (Kim X)
On January 24th, the Bank of Japan raised interest rates to 0.5% on Friday, in line with market consensus expectations, reflecting the bank's growing optimism that wages will continue to rise and inflation will continue to stay near its 2% target. The BoJ's rate hike is the third in less than a year and takes the policy rate to its highest level since 2008. The committee voted 8:1 to raise interest rates. Commissioner Toshiaki Nakamura opposed the decision to raise interest rates. Reports earlie...
On January 14, the State Council Information Office will hold a press conference at 10 am on Friday, January 17, 2025, inviting Kang Yi, Director of the National Bureau of Statistics, to introduce the operation of the national economy in 2024 and answer reporters' questions.
According to the Beijing Business Daily, the Ministry of Public Security reported at a press conference held on January 10 that by the end of 2024, more than 53,000 Chinese alleged offenders involved in telecommunications fraud in northern Myanmar had been arrested and successfully destroyed the "four major families" criminal groups in northern Myanmar. The Ministry of Public Security pointed out that although the crackdown has been effective, the crime situation is still severe. Fraud groups ar...
On January 10, the State Council Information Office will hold a series of press conferences on "China's high-quality economic development achievements" at 3 pm on January 14, 2025 (Tuesday). Xuan Changneng, Vice Governor of the People's Bank of China, and Li Bin, Deputy Director of the State Administration of Foreign Exchange, will introduce financial support for high-quality economic development and answer reporters' questions.
