Trump: About Jerome Powell, they spent $2.9 billion on this renovation, he shouldn't have done that. It's almost like building a palace for himself, the Fed interest rates are too high, the rates are too high, yet our economy is still doing well.

In the past two days, the Asian and European time zones have indeed been relatively stable, while investors in the American time zone have experienced slightly more panic.

New York Fed President John Williams: Open to the possibility of rate cuts before the September meeting.

Trump: I will not hesitate to replace Powell. Replacing Powell will disrupt the market, and Powell is likely to continue serving as chairman. A new Federal Reserve chairman will be appointed after Powell's term ends.

Kashkari of the Fed: Not surprised by the slowdown in the labor market, BLS data and private sector data are the same thing, the labor market is gently slowing down, and the Fed is committed to making decisions based on the best data. This week's FOMC meeting did not have a tense atmosphere, and there were rich and intense discussions within the FOMC.

Federal Reserve Board of Governors member Quigley will resign on August 8, and Quigley has a vote. Here comes the key point: all members of the Federal Reserve Board are nominated by the president, which means Trump needs to nominate a new member to replace Quigley's voting position. Therefore, whoever Trump nominates is likely to execute Trump's will, which is to support interest rate cuts. Along with Waller and Bowman, Trump will have three voting members in support.

Trump: Direct my team to fire Bureau of Labor Statistics Director Erika McEntarfer, and Powell should also be "retired." Employment data is produced by individuals appointed by Biden.

Fed's Bostic: Does not believe employment data will change this week's FOMC decision, still expects one rate cut this year. Willing to adjust view on the Fed if data supports.

The way I got up feels wrong, I'll go back to sleep for a bit.

U.S. SEC Chairman: The SEC announces the launch of a Crypto Assets project initiative aimed at modernizing securities rules and promoting on-chain markets. The SEC will direct the policy department to work with the Crypto Assets working group to implement the White House's Crypto Assets recommendations.
And instruct the committee staff to draft clear rules regarding the distribution, custody, and trading of Crypto Assets.
It also indicates that the majority of crypto assets are not securities. It has instructed committee staff to develop guidelines to determine when crypto assets are considere

I plan to go to bed early today. I spent four days out, averaging no more than 3 hours of sleep each day. The most I slept in one day was five hours, and on two days I slept on the plane. I will take a good rest today and return to normal tomorrow. Thank you all for your support.

U.S. Securities and Exchange Commission Chairman Atkins: The SEC will instruct the policy department to work with the Crypto Assets working group to implement the White House's Crypto Assets recommendations.

Trump: Mexico has agreed to immediately terminate its non-tariff trade barriers. The U.S. will extend the tariff agreement with Mexico for 90 days.

The United States told the United Nations Security Council: Trump clearly stated that a protocol to end Russia's war in Ukraine must be reached before August 8.

Trump and Mexican Foreign Minister Ebrard will discuss tariff issues today.
President Trump and Mexican President Claudia Sheinbaum will hold a phone call on Thursday to discuss trade and tariff issues, ahead of Friday's tariff deadline. Sheinbaum has delayed a press conference to prepare for this call.
Mexican officials have been negotiating in Washington, and Economy Minister Marcelo Ebrard stated that Mexico has fulfilled its obligations, and now it is up to the United States to decide on tariffs. Trump earlier warned that if Mexico does not intensify its crackdown on drug cartels, tariffs

Nikkei: China suspends investment in the U.S. due to trade war.