US Treasury Secretary Praises Warsh for Eliminating Forward Guidance, Reaffirms Dollar Dominance

CoinFeed, June 24 – US Treasury Secretary Bessent praised Fed Chair Warsh for eliminating forward guidance, adding that no one should make dot plot forecasts. On the economy, he expects real wage growth to return to its pre-April pace and anticipates accelerating growth for the rest of the year without stoking inflation. He also stated that we cannot let others hold us back with AI regulatory measures. He emphasized that dollar dominance is crucial. He believes that after the Ukraine situation ends, Russia will want to return to the dollar system, and the new Venezuela is re-entering that system. The dollar can remain strong while interest rates are being cut, and the US is willing to take the right steps to keep the dollar strong.