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On July 14, US President Trump stated that he would deliver a national address at 9 PM Eastern Time on Thursday (9 AM Beijing Time on Friday).

[Trump to Speak on Friday at 9 AM]On July 14, US President Trump stated that he would deliver a national address at 9 PM Eastern Time on Thursday (9 AM Beijing Time on Friday).

Trump to Speak on Friday at 9 AM

On July 14, according to a report by The New York Times on July 13, U.S. President Donald Trump has formally notified Congress of the renewed outbreak of hostilities with Iran. The report stated that the newspaper obtained a letter from Trump to congressional leaders dated July 10, in which he wrote that U.S. forces carried out a 'defensive strike' against targets in Iran on July 7. The report noted that this letter has once again intensified the dispute between Congress and the White House. Although both chambers of Congress had previously voted to require the president to end the war or seek approval before continuing actions, the White House insists that Trump, as commander-in-chief, is acting within the scope of his constitutional powers.

[Trump Reportedly Notifies Congress of Renewed Conflict with Iran]On July 14, according to a report by The New York Times on July 13, U.S. President Donald Trump has formally notified Congress of the renewed outbreak of hostilities with Iran. The report stated that the newspaper obtained a letter from Trump to congressional leaders dated July 10, in which he wrote that U.S. forces carried out a 'defensive strike' against targets in Iran on July 7. The report noted that this letter has once again intensified the dispute between Congress and the White House. Although both chambers of Congress had previously voted to require the president to end the war or seek approval before continuing actions, the White House insists that Trump, as commander-in-chief, is acting within the scope of his constitutional powers.

Trump Reportedly Notifies Congress of Renewed Conflict with Iran

BTC has fallen below $62,000 and is currently at $61,992.01, with a 24-hour drop of 3.26%. The market is highly volatile; please exercise risk control.

[BTC Falls Below $62,000]BTC has fallen below $62,000 and is currently at $61,992.01, with a 24-hour drop of 3.26%. The market is highly volatile; please exercise risk control.

BTC Falls Below $62,000

On July 14, the Joint Maritime Information Center led by the US Navy stated that the US military will begin implementing a maritime blockade of all Iranian ports and Iranian coastal areas at 20:00 GMT on July 14 (04:00 Beijing time on July 15).

[US Military Gives Specific Time for Blockade of Iranian Ports]On July 14, the Joint Maritime Information Center led by the US Navy stated that the US military will begin implementing a maritime blockade of all Iranian ports and Iranian coastal areas at 20:00 GMT on July 14 (04:00 Beijing time on July 15).

US Military Gives Specific Time for Blockade of Iranian Ports

On July 14, Federal Reserve Governor Waller stated that he prefers setting the inflation target as a range rather than the current single 2% target point, as the latter is too strict in evaluating policy effects. Waller said he personally prefers setting the inflation target at a range of 1.5% to 2.5%, because requiring central banks to precisely control inflation to a specific number is unrealistic. He pointed out that using a single target point to judge the success or failure of monetary policy can sometimes be too harsh, and adopting a target range may better reflect actual economic conditions.

[Waller Advocates Abandoning 2% Inflation Target, Favors Setting a 1.5%-2.5% Range]On July 14, Federal Reserve Governor Waller stated that he prefers setting the inflation target as a range rather than the current single 2% target point, as the latter is too strict in evaluating policy effects. Waller said he personally prefers setting the inflation target at a range of 1.5% to 2.5%, because requiring central banks to precisely control inflation to a specific number is unrealistic. He pointed out that using a single target point to judge the success or failure of monetary policy can sometimes be too harsh, and adopting a target range may better reflect actual economic conditions.

Waller Advocates Abandoning 2% Inflation Target, Favors Setting a 1.5%-2.5% Range

HTX data monitoring shows that BTC has fallen below 62000 USDT, currently reported at 61969.41 USDT, with a 24H decline of 3.22%.

【BTC drops below 62000 USDT】HTX data monitoring shows that BTC has fallen below 62000 USDT, currently reported at 61969.41 USDT, with a 24H decline of 3.22%.

BTC drops below 62000 USDT

On July 14, Federal Reserve Governor Christopher Waller said Monday that if future data indicates inflation remains well above the 2% target, the Fed may need to raise interest rates in the 'near term.' He described current monetary policy as being at a 'crossroads.' Waller stated that this direction will be determined by new information such as Tuesday's CPI report, and if data trends take an unfavorable turn, the Fed is at a stage where it should not be 'complacent.' Waller noted: 'At the current policy level, inflation could still gradually fall back to the 2% target. But I am equally concerned about another scenario where data in the coming weeks will show inflation remaining high or even continuing to rise, which would require tighter monetary policy in the short term.' He specifically expressed concern that recent inflation reports suggest price pressures appear to be broadening across the economy, extending beyond the impact of last year's import tariff increases or recent energy cost rises, potentially reflecting broader systemic inflation that would necessitate tighter monetary policy. Waller said, 'If core inflation again proves hot this week, the FOMC will have to consider tightening monetary policy in the near term. It will take several months of consistently low inflation data to believe that inflation is moving in the right direction.' (Jin Shi)

[Waller Sets Tone for Tuesday CPI: Hot Inflation to Support Near-Term Rate Hike]On July 14, Federal Reserve Governor Christopher Waller said Monday that if future data indicates inflation remains well above the 2% target, the Fed may need to raise interest rates in the 'near term.' He described current monetary policy as being at a 'crossroads.' Waller stated that this direction will be determined by new information such as Tuesday's CPI report, and if data trends take an unfavorable turn, the Fed is at a stage where it should not be 'complacent.' Waller noted: 'At the current policy level, inflation could still gradually fall back to the 2% target. But I am equally concerned about another scenario where data in the coming weeks will show inflation remaining high or even continuing to rise, which would require tighter monetary policy in the short term.' He specifically expressed concern that recent inflation reports suggest price pressures appear to be broadening across the economy, extending beyond the impact of last year's import tariff increases or recent energy cost rises, potentially reflecting broader systemic inflation that would necessitate tighter monetary policy. Waller said, 'If core inflation again proves hot this week, the FOMC will have to consider tightening monetary policy in the near term. It will take several months of consistently low inflation data to believe that inflation is moving in the right direction.' (Jin Shi)

Waller Sets Tone for Tuesday CPI: Hot Inflation to Support Near-Term Rate Hike

On July 14, Federal Reserve Governor Christopher Waller stated that if core inflation data remains elevated this week, the Fed will need to consider a rate hike in the near term. Waller expressed concern over the recent rise in core inflation, citing tariffs, rising energy prices, and demand for artificial intelligence investments as key factors pushing up prices. He expects overall inflation to begin to ease this week, but core inflation will remain a key indicator to watch. However, Waller also noted that if core inflation continues to decline, maintaining the current interest rate remains a reasonable choice. He reiterated that the Fed is committed to bringing inflation back to its 2% target while avoiding an overly aggressive policy tightening that could lead to an economic recession. Additionally, Waller believes the U.S. labor market remains solid, close to the Fed's maximum employment goal, with consumer spending and business investment staying strong. He anticipates that AI-related investments will continue to grow.

[Waller: Core Inflation Pressures Worrying, AI Investments Driving Up Prices]On July 14, Federal Reserve Governor Christopher Waller stated that if core inflation data remains elevated this week, the Fed will need to consider a rate hike in the near term. Waller expressed concern over the recent rise in core inflation, citing tariffs, rising energy prices, and demand for artificial intelligence investments as key factors pushing up prices. He expects overall inflation to begin to ease this week, but core inflation will remain a key indicator to watch. However, Waller also noted that if core inflation continues to decline, maintaining the current interest rate remains a reasonable choice. He reiterated that the Fed is committed to bringing inflation back to its 2% target while avoiding an overly aggressive policy tightening that could lead to an economic recession. Additionally, Waller believes the U.S. labor market remains solid, close to the Fed's maximum employment goal, with consumer spending and business investment staying strong. He anticipates that AI-related investments will continue to grow.

Waller: Core Inflation Pressures Worrying, AI Investments Driving Up Prices

On July 14, Federal Reserve Governor Christopher Waller said that the recent rise in core inflation has been quite broad-based, and inflation pressures are not limited to individual sectors. Waller also stated that the Federal Open Market Committee (FOMC) may need to consider raising interest rates in the near term.

[Fed Governor Waller: FOMC May Need to Consider Raising Rates in the Near Term]On July 14, Federal Reserve Governor Christopher Waller said that the recent rise in core inflation has been quite broad-based, and inflation pressures are not limited to individual sectors. Waller also stated that the Federal Open Market Committee (FOMC) may need to consider raising interest rates in the near term.

Fed Governor Waller: FOMC May Need to Consider Raising Rates in the Near Term

According to Beincrypto, Ripple CEO Brad Garlinghouse is the latest to speak out against the U.S. government’s war on crypto. Speaking to Bloomberg on March 2, the Ripple boss said that crypto and fintech were already leaving American shores, crypto moving offshore is not good for American innovation. He said that the Securities and Exchange Commission’s case with Ripple wasn’t really about XRP. It is about the industry and how the SEC is “playing offense” and attacking the whole industry. Garlinghouse added that not everyone understood this when the case began more than two years ago. However, with its recent war on crypto, it has become clear that the agency is against the entire industry. Furthermore, he acknowledged five recent SEC enforcement actions and stated: “This is not a healthy way to regulate an industry.” The Ripple executive said the U.S. was already behind countries such as Australia, the U.K., Japan, Singapore, and Switzerland. “There are a lot of countries that have taken the time and thoughtfulness to create clear rules of the road,” he added.

Detail

【Ripple CEO Brad Garlinghouse joins calls for US to embrace crypto】According to Beincrypto, Ripple CEO Brad Garlinghouse is the latest to speak out against the U.S. government’s war on crypto. Speaking to Bloomberg on March 2, the Ripple boss said that crypto and fintech were already leaving American shores, crypto moving offshore is not good for American innovation. He said that the Securities and Exchange Commission’s case with Ripple wasn’t really about XRP. It is about the industry and how the SEC is “playing offense” and attacking the whole industry. Garlinghouse added that not everyone understood this when the case began more than two years ago. However, with its recent war on crypto, it has become clear that the agency is against the entire industry. Furthermore, he acknowledged five recent SEC enforcement actions and stated: “This is not a healthy way to regulate an industry.” The Ripple executive said the U.S. was already behind countries such as Australia, the U.K., Japan, Singapore, and Switzerland. “There are a lot of countries that have taken the time and thoughtfulness to create clear rules of the road,” he added.

Ripple CEO Brad Garlinghouse joins calls for US to embrace crypto

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Ripple CEO Brad Garlinghouse joins calls for US to embrace crypto

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