Treasury Secretary praises Powell for removing forward guidance and reiterates the dominance of the U.S. dollar.

U.S. Treasury Secretary Benset praised Federal Reserve Chair Wash for eliminating forward guidance, while also stating that no one should be making dot plot predictions. In terms of the economy, he expects real wage growth to return to the pace before April and anticipates economic growth to accelerate for the remainder of the year without increasing inflation. He emphasized the importance of the U.S. dollar's dominant position, stating that Russia will seek to restore the dollar system after the Ukraine situation ends, while the new Venezuela is returning to the system. During the period of interest rate cuts, the dollar can still remain strong, and the U.S. is willing to take the right measures to maintain the dollar's strength. Regarding the Iran issue, Benset stated that the U.S. Treasury will oversee the distribution of Iran's funds, which will initially be disbursed through Qatar, with a large portion used to purchase American food and drugs regulated by the Treasury, and any funds received by Iran should belong to the people of Iran.