U.S. Treasury Secretary Janet Yellen: The strong dollar policy has not changed, Trump watches the U.S. stock market trends every day

On Friday local time, U.S. Treasury Secretary Becerra stated in an interview with CNBC that the strong dollar policy has not changed and is committed to strengthening the dollar.

In his speech, he defended Trump, who has been criticized for the "collapse" of the U.S. stock market: "The stock market situation is part of the information Trump receives daily. There are no put options on Trump, but there are bullish situations."

On Thursday, Trump said during a speech at the White House that the delay in the tariff decision on Canada and Mexico is unrelated to the stock market performance, and he "hasn't even looked at the market". The U.S. Secretary of Commerce also stated that the Trump administration is not too concerned about the decline in the stock market, and stock market fluctuations are not driven by policy. On that day, the Nasdaq fell over 2%, and the S&P returned to its lowest point since the election.

Regarding the U.S. economy, Becerra stated: "I believe we will see a rebound in business activity. The real income growth of the bottom 50% of Americans may become a counterbalancing factor."

When discussing the cryptocurrency market, Becerra mentioned that the U.S. will begin to build a cryptocurrency reserve by stopping the sale of its held Bitcoin. All confiscated assets will enter this reserve, "and then we will see how to make more purchases in the future."

"The next priority is for the government to stop selling Bitcoin."

He also said he is uncertain where the claim of "halving" IRS employees came from and that he would never do anything to harm tax collection.

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