Written by: Li Dan, Wall Street Insights
Original Title: Powell's Congressional Hearing Next Day: Tariffs at an Unprecedented Level, Uncertain Impact on Inflation
The day after the special congressional hearing on the Federal Reserve's monetary policy, Fed Chairman Powell again mentioned the prospect of interest rate cuts. He reiterated that there is no rush to cut rates, emphasized that high tariffs bring significant uncertainty, pointed out that the U.S. economy is very strong, and stated that there is reason to act slowly in uncertain situations, while also mentioning some factors that could drive interest rate cuts.
At the hearing of the U.S. Senate Banking, Housing, and Urban Affairs Committee held on Wednesday, June 25, Eastern Time, Powell told lawmakers that future trade agreements may allow the Federal Reserve to consider lowering interest rates.
Regarding the policies of the Trump administration, Powell stated that the economic outlook (SEP) updated by the Federal Reserve after last week's meeting reflects, to some extent, the impact of trade policy. However, the tariffs are very high, and such high tariffs have no precedent, making them difficult to predict.

Mastercard has expanded its collaboration with Fiserv to incorporate the FIUSD token, a new programmable blockchain-based stablecoin, into its global payment network.
The partnership aims to address the practical use cases and challenges associated with the adoption of stablecoins.
It aims to

The Hong Kong government has released the "Hong Kong Digital Asset Development Policy Declaration 2.0," promoting legal regulation, tokenization products, application scenarios, and talent collaboration through the "LEAP" framework, fully committed to making Hong Kong a global digital asset center. (Background: Animoca Brands, Standard Chartered Bank, and Hong Kong Telecom are working together to prepare for the issuance of a Hong Kong dollar stablecoin, targeting cross-border payments.) (Background supplement: Full interpretation of Hong Kong's "Stablecoin Ordinance": from definitions, regulatory framework, application qualifications to market impact.) Today (26th), the Hong Kong government announced the "Hong Kong Digital Asset Development Policy Declaration 2.0," which aims to shape Hong Kong into an open and trusted global encryption hub through four major strategies of "LEAP." The new declaration deepens regulation and innovation based on the first version in 2022, and introduces new momentum to the financial market through the normalization of tokenized government bonds, stablecoin licenses, and cross-border pilot projects. The policy upgrade strengthens regulation.

As the crypto market shows signs of a potential upturn, savvy traders are looking to key digital assets that promise significant growth. This article explores essential cryptocurrencies poised to capitalize on the next rebound. Delving into these top picks, readers will discover which coins are set

Written by: Long Yue, Wall Street Watch
Faced with the Federal Reserve's reluctance to lower interest rates, Trump can no longer sit idly by. He is once again considering breaking with convention and is preparing to announce the next Federal Reserve chair candidate in advance, attempting to pressure the current chair, Powell, to accelerate the interest rate cut process using a "shadow chair" strategy.
According to the Wall Street Journal, Trump is considering announcing a candidate to replace Powell as Federal Reserve chairman as early as this summer or fall, far earlier than the traditional 3-4 month transition period. Insiders reveal that Trump is increasingly dissatisfied with the Federal Reserve's cautious stance on interest rate cuts and hopes to influence market expectations and monetary policy direction by announcing a successor ahead of Powell's term ending, allowing a "shadow chairman" to start having an impact.
Sources revealed that in recent weeks, Trump has been considering selecting and announcing Powell's successor before September or October, and his anger towards Powell may lead him to announce a successor earlier sometime this summer.

WhatsApp has launched Message Summaries, an AI feature that summarizes unread messages. Initially available in the U.S. for English users, it ensures privacy using Private Processing technology to prevent third-party access to message content.

HomeNews Nasdaq has integrated blockchain technology from the Canton Network into its Calypso platform to automate margin and collateral management 24/7.
The collaboration was developed with QCP, Primrose Capital Management, and Digital Asset.
The upgrade allows real-time movement of capital and m

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