U.S. Treasury Secretary Vincent Bescent: He does not advocate for the Federal Reserve to shrink its balance sheet or abandon its abundant reserve system.
U.S. Treasury Secretary Vincent said he does not advocate for the Federal Reserve to shrink its balance sheet or abandon its abundant reserve system.
Federal Reserve Chairperson Jerome Powell has said that the Federal Reserve may end its balance sheet reduction in the coming months.
The Treasury secretary questioned the 11 candidates for Fed chair for up to two hours, but he diverged from Mr. Trump on the Fed's agenda, with Mr. Trump focusing on interest rate cuts and Mr. Bescent on the balance sheet and the side effects of QE.
OPEC + negative production close to the completion of the short-term pricing, investors choose to ignore the EIA crude oil inventory surge, end point demand performance is the key, peak season consumption expectations or sustainable to...
On June 1, the US Defense Secretary made negative remarks related to China at the 22nd Shangri-La Dialogue, exaggerating the "Chinese military threat". Zhang Xiaogang, a spokesperson for the Ministry of National Defense, said that the Taiwan issue is purely China's internal affairs, and the US has no right to make irresponsible remarks, let alone use it as a bargaining chip to contain China. The Chinese People's Liberation Army will resolutely safeguard national sovereignty and territorial integ...
Q: According to reports, on May 31, US Secretary of Defense Hegseth delivered a speech at the Shangri-La Dialogue in which he played up China's threat and made negative remarks on issues related to Taiwan and the South China Sea. What is China's comment on this? A: Hegseth ignored the calls of regional countries for peace and development, peddled the Cold War mentality of camp confrontation, smeared and attacked China, and played up the "China threat theory", full of provocation and provocation....
According to the financial report of Goldman Sachs (China) Securities in 2024 disclosed by the official website of the Securities Association of China, during the reporting period (consolidated income statement caliber), the company achieved revenue of 1.841 billion yuan, an increase of 20% over 2023, and net profit of 498 million yuan, an increase of 158% over 2023. In 2024, both Goldman Sachs (China) securities investment banking and self-operated business declined. Specifically, Goldman Sachs...
The "civil war" between the White House and the Federal Reserve, the dollar became the biggest victim; the upward trend of gold and silver was clear, and the short-term rally reached a key point; the US-Iran nuclear agreement made substantial progress to release bearish, but the technical side of crude oil did not deteriorate significantly...
The Federal Reserve's Harker said that the Federal Reserve should adjust its balance sheet to be all or mainly government bonds, and bank reserves are expected to contract rapidly. There is still a lack of clarity on the end point of the balance sheet reduction.