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  • 13:03
    Bullard: Spoke with Bessent Last Week, Willing to Act According to Treasury Secretary Bessent's Wishes
    According to a report by Jinse Finance, former St. Louis Fed President James Bullard commented on the possibility of succeeding as Federal Reserve Chair: "I spoke with Secretary Bessent last week. I am happy to act in accordance with Secretary Bessent's wishes. If the Fed's goal is stable and lower inflation, and the independence of the Federal Reserve is respected, I am willing to accept the position of Fed Chair."
  • 13:03
    Former Fed Chair Bullard Expresses Willingness to Accept Fed Chair Position
    According to ChainCatcher, former Federal Reserve Chair Bullard stated that he spoke with Treasury Secretary Bessent last week. He expressed that if the goal is to achieve low and stable inflation while respecting the independence of the Federal Reserve, he would be willing to accept the position of Fed Chair. Regarding the possibility of being selected as Fed Chair, Bullard said he is happy to cooperate with whatever approach Bessent wishes to take and will operate within the framework of the Federal Reserve Act. He emphasized that anyone appointed as Fed Chair would uphold the independence of the Federal Reserve.
  • 12:57
    Vietnam to Pilot Digital Asset Exchange at International Financial Center
    On August 12, it was reported that the Vietnamese government announced plans to pilot a digital asset exchange at its international financial center. Three legislative initiatives have laid the groundwork for the digital asset sector, including a parliamentary resolution to develop financial centers, a Ministry of Finance proposal to pilot a digital asset exchange, and new laws clarifying asset class definitions. The Ministry of Finance is finalizing relevant pilot policies, expected to be submitted to the government in August, covering issuance, trading, and management processes. Service providers will be able to independently select listed assets, with priority given to highly liquid varieties. Officials emphasized that blockchain will serve as the core infrastructure, with enhanced cybersecurity and risk management measures. The central bank is also studying a central bank digital currency (CBDC) model.
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