U.S. Treasury Secretary Discusses Trade Negotiations and Federal Reserve Leadership

According to PANews, U.S. Treasury Secretary Besent has stated that ongoing trade negotiations are focused on achieving a high-quality agreement rather than meeting the August 1 deadline. Besent emphasized that there is no urgency to finalize the deal, although the European Union may prefer a quicker resolution. He noted that the EU is now more engaged in the discussions. The primary goal is to secure the best possible agreement for the United States, particularly concerning issues with Japan. Analysts suggest that Besent's comments indicate a potential for further delays in the negotiations, with expectations of continued tactical postponements. Meanwhile, Besent addressed questions regarding Federal Reserve Chairman Powell, stating that ultimately, the decision rests with U.S. President Donald Trump. He added that it is essential to consider the Federal Reserve as a comprehensive institution.