Viewpoint: The US' Beautiful Bill 'plans to vigorously develop the US dollar stablecoin and pressure the Federal Reserve to cut interest rates

According to Yahoo Finance, the recent US budget bill, the "Beautiful Bill," is likely to pass a vote and become law. Federal Reserve officials, including Federal Reserve Governor Waller, have unexpectedly proposed a possible interest rate cut in July, while the Federal Reserve Board has begun discussing demands to loosen banking regulation. Deutsche Bank said that the main contents of this plan include: transferring the ownership of US treasury bond bonds from foreign investors to domestic investors, improving domestic financial repression, vigorously promoting the stability of the dollar, putting pressure on the Federal Reserve to cut interest rates and significantly weakening the dollar. George Sarevelos, head of global forex research at Deutsche Bank, stated in a recent report that these events may seem unrelated, but in reality they foreshadow a significant shift in the US macroeconomic policy mix in the coming years. They referred to this shift as the "Pennsylvania Plan," named after the street where the US Treasury Department is located in Washington, D.C., and stated that the plan aims to help the US government cope with the massive debt.