TechFlow News: On January 28, according to JIN10 Data, U.S. Treasury Secretary Bessent shared his views on several topics. Regarding the next Federal Reserve Chair, he stated that the candidate pool has neither been narrowed nor expanded, and revealed that he had an extended discussion on this topic with Trump aboard a plane. On the Fed’s monetary policy stance, Bessent emphasized that interest rate decisions are made entirely independently by the Fed, while expressing his hope that the Fed maintains an open-minded policy approach. On exchange rates, he reiterated the U.S. long-standing strong-dollar policy, explicitly stating that the U.S. will not intervene in foreign exchange markets to support the yen, and noted that a narrowing trade deficit should bolster the dollar. Concerning the S&P 500 Index’s first-ever breach of the 7,000-point level, he said it reflects the positive outcomes achieved by current growth-promoting policies.
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