White House National Economic Council Director: Raising interest rates would be a policy mistake.
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White House National Economic Council Director: US economic growth is projected to be around 4% in the second half of the year.
According to BlockBeats, on July 1st, White House National Economic Council Director Hassett stated that the US economy is projected to grow by approximately 4% in the second half of the year. (Jinshi)
Private members of the Council on Economic and Fiscal Policy in Japan: The Bank of Japan should continue raising interest rates at a moderate pace.
According to Odaily Odaily, Toshihiro Nagahama, a private member of the Advisory Council on Economic and Fiscal Policy, said that the Bank of Japan should continue to raise interest rates at a moderate pace. A moderate interest rate hike by the Bank of Japan is crucial to correcting the excessive depreciation of the yen. Yongbin Liguang: I personally believe that a rate hike in June is appropriate, because delaying the rate hike would lead to excessive depreciation of the yen, harming households. (Jinshi)
Hassett: Raising interest rates would be a mistake
According to Mars Finance, citing Jinshi, White House National Economic Council Director Hassett stated that raising interest rates would be a mistake.
The White House transformed into a "trading floor"? The two major US stock exchanges will ring the opening bell in the Oval Office for the first time.
According to Odaily Odaily, White House National Economic Council Director Hassett stated that to celebrate the official launch of the "Trump Account" for minors, officials from Nasdaq and the New York Stock Exchange plan to jointly ring the opening bell in the Oval Office of the White House. Hassett stated, "Next week we will have a grand opening bell ceremony, where Nasdaq and the New York Stock Exchange will ring the bell together in the Oval Office for the first time. They are doing this to celebrate the official launch of the 'Trump Account' and to let everyone know that now is the time to open an account for their children, even if the child was not born this year." This tax-advantaged savings account, previously announced by Trump, will officially launch on July 4. All U.S. citizens born between 2025 and 2028—a period covering Trump's second presidential term—will receive an initial investment of $1,000 from the U.S. government. However, older children can also open and use these accounts. In addition, some eligible children may receive a $250 funding injection from Dell Technologies founder Michael Dell and his wife Susan. The White House has not yet immediately responded to requests for comment on these arrangements. Trump rang the opening bell at the New York Stock Exchange in December 2024, before his second inauguration. (Jinshi)
To celebrate the official launch of the "Trump Account," aimed at American minors, the White House will hold a bell-ringing ceremony.
According to BlockBeats, on June 29th, White House National Economic Council Director Hassett stated that to celebrate the official launch of the "Trump Account" for minors, officials from Nasdaq and the New York Stock Exchange plan to jointly ring the opening bell in the Oval Office. Hassett said, "Next week we will have a grand opening bell ceremony, where Nasdaq and the New York Stock Exchange will ring the bell together in the Oval Office for the first time. They are doing this to celebrate the official launch of the 'Trump Account' and to let everyone know that now is the time to open an account for their children, even if the child was not born this year." This tax-advantaged savings account, previously announced by Trump, will officially launch on July 4th. All U.S. citizens born between 2025 and 2028—a period covering Trump's second presidential term—are eligible for a $1,000 initial investment from the U.S. government. However, older children can also open and use these accounts. In addition, some eligible children will receive a $250 injection from Dell Technologies founder Michael Dell and his wife Susan. The White House has not immediately responded to requests for comment on these arrangements. Trump rang the opening bell at the New York Stock Exchange in December 2024, before his second inauguration as president.
White House economic advisor Hassett responds to Intel shareholding issue: It's an extreme case.
Odaily Odaily reports that White House economic advisor Hassett, when discussing shareholding issues, stated that Intel's situation is unique and an extreme case, and that the US is exploring profit-sharing with all artificial intelligence companies. (Jinshi)