00:00Seize the opportunity
00:01Unify Business: Entrepreneurship and Internet Empowering Businesses to Take Off
00:05Under continued pressure from US President Trump
00:07Amid calls for interest rate cuts
00:09And as the term of current Federal Reserve Chairman Jerome Powell is about to expire
00:13The U.S. Senate held a hearing for the nomination of the new Federal Reserve Chairman.
00:18Candidate Wo Shi made a promise at the hearing
00:21Will be committed to maintaining the independence of the Federal Reserve.
00:24But he also skillfully avoided some tricky questions.
00:28For example, he cited the fact that the case was still under trial.
00:31Refuses to comment on Trump's attempt to fire Federal Reserve Governor Cook.
00:35Or to make any statement regarding the Powell criminal investigation.
00:39However, when a member of parliament asked...
00:41Will the acquisition of the stone become Trump's puppet for cash withdrawal?
00:44His firm answer was absolutely not.
00:49U.S. Senate Banking Committee
00:51A hearing regarding the nomination of the Federal Reserve Chair will be held on Tuesday.
00:54The winner nominated by US President Trump
00:56He was subjected to intense questioning by members of parliament at the meeting.
00:59The focus is on whether he can maintain independence during his term.
01:03Unaffected by Trump
01:04However, after several rounds of kissing
01:06His answer was considered somewhat evasive.
01:08It was even a bit of an off-topic answer.
01:10in our meeting
01:11you said you would be independent
01:13Because you're a quote
01:14a tough guy
01:15Those were your words
01:16tough guy
01:17and you will be able to stand up to President Trump
01:20So let's try it again.
01:22name one aspect of President Trump's economic agenda
01:26with which you disagree
01:28well Senator the Federal Reserve in recent years
01:31has wandered outside of its remit
01:33wandered into other areas
01:34that's not something I'm prepared to do
01:37just one
01:38just one little place
01:40where you disagree with Donald Trump
01:42well I do have a disagreement actually
01:44Senator with the President
01:45I think even this morning
01:47he said that he thought I was out of central casting
01:51I think central casting
01:52I'd look older grayer
01:54maybe show up here with a cigar of sorts
01:56Facing external doubts
01:57Federal Reserve monetary policy
01:58Will it be subject to political interference?
02:00Bedroom Emphasis
02:01The independence of the Federal Reserve
02:02Must be guaranteed
02:04This was done to appease the market and Congress.
02:06So let me be very clear
02:07I do not believe that
02:09independence of monetary policy is threatened
02:11when elected officials
02:13State their views on rates
02:14Fed independence is up to the Fed
02:17I'm committed to ensuring
02:18that the conduct of monetary policy
02:20remains strictly independent
02:22and I commit myself to accountability
02:24Finally, Woshi made a statement.
02:26If he is successfully elected as the next chairman
02:28He will speak to the Federal Reserve
02:29To carry out thorough reforms in many aspects
02:31Including redefinition
02:32US inflation indicators
02:33He once criticized
02:34Current metrics are outdated
02:36Unable to accurately reflect
02:37Real cost of living for the people
02:39and the cancellation of forward-looking guidance
02:41He believes
02:42Market forecast
02:43The approach to future paths
02:45Limited policy flexibility
02:47Even misleading the market
02:48At the same time, it advocates reducing public speeches by officials.
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02:54In these plans
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02:56More Ep
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