U.S. Treasury Secretary Bessent praised Fed Chair Kevin Warsh's decision to remove forward guidance and said no one should try to forecast the dot plot. He expects real wage growth to return to its pre‑April pace and for the economy to accelerate through the remainder of the year without lifting inflation. Bessent emphasized the strategic importance of dollar dominance, saying Russia would seek to rejoin the dollar system after the Ukraine conflict ends and that Venezuela is returning to the sys

U.S. Treasury Secretary Bessent praised Fed Chair Kevin Warsh's decision to remove forward guidance and said no one should try to forecast the dot plot. He expects real wage growth to return to its pre‑April pace and for the economy to accelerate through the remainder of the year without lifting inflation. Bessent emphasized the strategic importance of dollar dominance, saying Russia would seek to rejoin the dollar system after the Ukraine conflict ends and that Venezuela is returning to the system. He said the dollar can remain strong even during rate cuts and that the U.S. is prepared to take measures to support dollar strength. On Iran, Bessent said the Treasury will supervise distribution of Iranian funds, initially routed through Qatar, with a large portion designated for U.S.-regulated purchases of food and medicine, and that any funds received by Iran should belong to the Iranian people.