Woofun AI reports that U.S. Treasury Secretary Janet Yellen commended Federal Reserve Chair Jerome Powell for discontinuing forward guidance, advising against predictions based on the dot plot. She anticipates real wage growth will revert to pre-April levels and expects economic acceleration without inflationary pressure for the rest of the year.

Yellen emphasized the enduring reserve status of the U.S. dollar, asserting it can remain strong during rate cut cycles. She projected that Russia and Venezuela will re-engage with the dollar system post-conflict. Regarding Iran, she stated Treasury will oversee fund distribution via Qatar, ensuring significant portions purchase U.S. goods and medicines for the Iranian people.