Deutsche Bank: The US "Beautiful Big Act" will vigorously promote the US dollar stablecoin and put pressure on the Federal Reserve to cut interest rates

Planet Daily News: Recently, the U.S. budget bill "Beautiful Big Law" is likely to pass and become law. Federal Reserve officials, including Governor Waller, surprisingly suggested a potential interest rate cut in July, and the Federal Reserve Board has begun discussing relaxing bank regulatory requirements. Deutsche Bank stated that the main contents of this plan include: transferring U.S. Treasury ownership from foreign investors to domestic investors, increasing domestic financial repression, vigorously promoting U.S. dollar stablecoins, pressuring the Federal Reserve to lower interest rates, and causing the U.S. dollar to significantly weaken. George Sarevelos, Deutsche Bank's global foreign exchange research head, said in a recent report that these events may seem unrelated, but actually foreshadow potential major changes in the U.S. macroeconomic policy mix in the coming years. They have named this transformation the "Pennsylvania Plan," after the street where the U.S. Treasury is located in Washington, D.C., and stated that the plan aims to help the U.S. government address its massive debt.