One of the highlights of the Warsh Fed has been watching stenographers posing as journalists, like the WSJ’s Nick Timiraos, reduced to reporting Fed backroom gossip because they’re incapable of performing real economic or monetary policy analysis without being spoon-fed.

It was an honor to administer the oath of office to my friend and patriot Jay Clayton as our nation’s ninth Director of National Intelligence in the presence of President Trump, his amazing family and loyal friends in the Oval Office this afternoon.   Jay’s career reflects rare breadth and achievement across law, business and academia. In every role, he has paired the force of his intellect with sound judgment and unquestioned integrity.   As Chairman of the Securities and Exchange Commission, Jay modernized oversight of our capital markets while reinforcing investor protection.   As U.S. Attorney for the Southern District of New York, he brought the full weight of American justice to bear against some of the world’s most sophisticated terrorists and criminal networks.   And now, as we approach the twenty-fifth anniversary of September 11th, Jay has again answered the call of public service to ensure our nation discerns danger early, counters it decisively, and never again knows the anguish of that day.   Jay, the President’s confidence in you is well placed.   You will be an outstanding steward of our national security by keeping our country safe and our adversaries ever mindful of America’s vigilance.   So, congratulations to you and your family on this great honor.   I am grateful for your willingness to serve.   I look forward to working alongside you to protect the safety and security of the American people.   And a thank you to Acting Director Bill Pulte for making brave and important choices during his tenure.

The framework for the U.S.-Japan alliance begins with the strong relationship between @POTUS @realDonaldTrump and Prime Minister @takaichi_sanae. We've been in close contact with our Japanese allies, and they are making serious efforts to address the substantial undervaluation of the yen. Through our conversations, we believe they will continue to put the right policies in place to lead the yen’s return to a more normal equilibrium price. Currency intervention is a signal that governments want to change a direction. But only strong, effective policies will result in sustained yen strength.

The Trump Administration delivers for America's trusted partners. Economic security is national security. And the U.S.-Japan alliance is built on both. Friday's coordinated foreign exchange actions countered disorderly yen movements. Treasury remains attentive and in close communication with our counterparts at MOF and BOJ. We will not hesitate to participate in further joint intervention. The FIMA Repo Facility is an important backstop. We would encourage it to be upsized in the coming months. We strongly support Japan's decisive market and monetary steps to correct the substantial undervaluation of the yen. The Takaichi government is moving into an exciting new phase of Abenomics, as nearly 15 years of powerful stimulus have created durable, robust underlying economic dynamics.

Happy Birthday to @VP @JDVance, a fearless champion of President Trump and the America First agenda. More than the strength of his convictions and the might of his intellect, JD has given this Administration the full measure of his devotion to country, perhaps nowhere more powerfully than in the fight against fraud and the defense of every taxpayer dollar. I am grateful for his friendship and the privilege of serving the American people alongside him.

.@DAGToddBlanche has been a trusted partner in advancing President Trump’s agenda and a proven leader @TheJusticeDept. His leadership has delivered real results and America is a safer place because of his work. The senate should not leave for recess without confirming him as Attorney General.

Our Founding Fathers—George Washington, Thomas Jefferson, and Alexander Hamilton—could never have imagined the economy America has built today. It is the envy of the world. As @POTUS has said, record investment is pouring into the United States. Thanks to President Trump's leadership—from digital assets and technological innovation to restoring American manufacturing—we are pulling away from the rest of the world.

I look forward to seeing my longtime friend, Bank of Japan Governor Kazuo Ueda, at the G20 Finance Ministers Meetings in the beautiful Blue Ridge Mountains city of Asheville, North Carolina, at the end of August. Japan's economy continues to perform well under Prime Minister Takaichi, Governor Ueda, and the Bank of Japan Board, which has demonstrated a strong commitment to monetary and financial stability. We continue to enjoy a strong relationship and close coordination.

Today, @USTradeRep Greer and I spoke with Chinese Vice Premier He Lifeng ahead of @POTUS @realDonaldTrump and President Xi's meeting in September. In our discussion, I emphasized that we expect Beijing to fully meet its commitments on rare earths and U.S. agricultural products. We also discussed implementation of the Trade and Investment Boards as a mechanism to secure concrete progress toward a more balanced, fair, and constructive U.S.-China economic relationship.

Those who provide financial services, logistics, or commercial support to the IRGC or Mahan Air are helping sustain a terrorist enterprise. Treasury will continue to identify them, expose them, and cut them off from the U.S. financial system.

More than a year ago, the House passed the Clarity Act. There’s been progress since — thousands of hours of bipartisan negotiations took place at the staff and Member levels. The Senate Committees on Banking and Agriculture advanced their respective titles. And Senate Republicans produced a floor-ready product that, as I type this, is waiting for a vote. It’s disappointing — but not surprising — that Senate Democrats are choosing politics on the cusp of a major victory for American leadership. Find another instance in history where Congress, when given the choice, opted to push an industry out of the United States rather than smartly regulate it. American Exceptionalism was once a bipartisan goal; if Clarity fails, I have serious doubts. These same Democrats — many of whom have taken millions of dollars from the crypto industry — proclaim that Clarity lacks safeguards for consumers and falls short in countering illicit finance. Nothing could be further from the truth. Titles II and III materially uplift regulatory and compliance obligations for digital asset intermediaries, placing them on similar footing with traditional financial institutions. The Blockchain Regulatory Certainty Act — which Washington lobbyists have spun up as a boogeyman for certain groups of prosecutors and law enforcement — does nothing other than codify longstanding Treasury Department policy that’s remained consistent across Administrations: non-custodial builders and developers are not, and have never been, subject to registration obligations under the Bank Secrecy Act. And at this point, major law enforcement trades that once opposed the bill, including the Fraternal Order of Police, have now endorsed it. The Senate needs to vote NOW on this landmark legislation. The truth is that Senate Democrats are afraid to advance the Clarity Act as they fear Senator Warren and the “Anti-Crypto Army” she once promised to build. In the days ahead, Leader Thune will put this theory to the test. Will Senate Democrats be on the side of American Exceptionalism, or will they opt to cede American leadership of a global industry for fear of the bespectacled squirrel’s Left flank? America will lead or America won’t. It’s not more complicated than that. I believe Satoshi once said it best: “If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.”

Treasury’s recent analysis confirms that @POTUS’ tax policies are delivering as promised. American families and workers overwhelmingly benefited from the Working Families @TaxCuts, claiming $82 billion in individual relief this past tax filing season.

CFIUS plays a critical role in protecting U.S. national security while ensuring the United States remains the world’s most attractive destination for investment. With this new website, the Trump Administration is significantly upgrading CFIUS’ customer service, making it easier for companies, investors, and their counsel to find the information they need, understand our processes, and facilitate greater foreign investment in the United States, consistent with the goals of @POTUS @realDonaldTrump's America First Investment Policy.

With its economy in freefall and inflation in the triple digits, the regime is desperate for cash. The United States will not allow Iran to hold global commerce hostage or use international shipping to finance the IRGC’s terrorism, aggression, and repression.

Today, South Carolina has laid to rest one of its most devoted sons in Lindsey Graham. I joined his dear sister Darline and fellow South Carolinians in Columbia to mourn his passing and to honor his memory. The grief felt across the Palmetto State reveals the gratitude of a people who know how completely Lindsey had given himself to them over a lifetime of service. His was a distinctly American ascent from Central, South Carolina to the pinnacle of the United States Senate. Along the way, the arc of Lindsey’s life stirred the pride of every South Carolinian who saw in him one of our own. It reminded us that in America, the circumstances of one’s upbringing are never binding. And that the highest places remain well within reach of those born far from power and privilege. Beneath the force of Lindsey’s convictions as an iconic American statesman was a man of uncommon warmth and generosity of spirit. It was one of the great privileges of my life to call him my friend. May God surround the Graham family with comfort as they draw strength from a grateful state. And may Lindsey’s memory be the blessing his life was.

Renaming Joint Base Charleston in honor of Lindsey Graham is a worthy tribute to a life spent in service of our nation. I am grateful to Elliott Summey for his advocacy of this initiative and to @DeptofWar leadership for its rapid implementation.

Today, @POTUS and I joined Senator Darline Graham, the Graham family, and friends from across the nation to honor the life and legacy of Senator Lindsey Graham. Lindsey was a great patriot and dedicated public servant who never stopped fighting for the Palmetto State and the American people. I’m grateful to have worked alongside him to advance President Trump’s agenda at home and abroad. It was an honor to call him my friend and my senator. His legacy of service to South Carolina and our nation will endure.

Through @TrumpAccounts, @POTUS is helping a new generation of Americans enter our economy with both a stake in its future and the knowledge of how to thrive in it. At today's Financial Literacy and Education Commission meeting, I was pleased to discuss how the most successful program launch in government history will unleash a financial literacy boom. 7 million children have already enrolled in Trump Accounts, 86 percent of whom are from families earning less than $200,000. Financial markets are now personally meaningful to an entirely new class of shareholders. And that experience will be reinforced by fifteen learning modules tailored to each age group. As financial products and services continue to evolve, Trump Accounts will ensure that financial education evolves with them.

This past filing season, millions of American families and workers claimed expanded tax deductions and credits tied directly to wages, children, overtime, tips, and earned income. @POTUS’ signature @TaxCuts delivered substantial relief to hardworking Americans and provided greater relief and tax certainty to low- and middle-income households.

Every dollar stolen from Federal student aid is a dollar taken from taxpayers and deserving students. The Trump Administration will not tolerate criminals who exploit government programs for personal gain. Treasury is working with financial institutions and law enforcement to identify these fraud schemes, recover stolen funds, and hold those responsible accountable.