White House NEC director Hassett said he believes Fed Chair Kevin Warsh can persuade colleagues to accept his view.

US-Iran Negotiations 1. According to Saudi Arabia's Al Arabiya TV: A senior government official stated that US negotiators Kushner and Witkov held positive discussions with Qatari regional leaders, and technical negotiations with Iran are also progressing. 2. According to foreign media reports on July 1, citing sources, US and Iranian officials will hold indirect talks that day in Doha, the capital of Qatar. 3. According to Israel's Channel 12, citing Saudi media reports: The Doha negotiators have reached a preliminary agreement to release $3 billion to Iran. 4. US President Trump: Iran negotiations are progressing well. Iran's denuclearization is progressing well. 5. Iran says it will launch negotiations on a final agreement with the US at an appropriate time. 6. According to Axios: The US attempted to persuade Iran to abandon the "passage fee" mechanism in the Strait of Hormuz during the Doha negotiations. 7. According to the Islamic Republic News Agency (IRNA): Iran's Deputy Foreign Minister stated that the Iranian delegation's talks in Doha have concluded. 8. Sources: Iran is demanding a phased implementation of the US-Iran memorandum of understanding, with a focus on unfreezing assets. 9. Iranian Parliament Speaker Ghalibaf: Reports of inspectors entering bombed sites are false. 10. US Vice President Vance: Technical negotiators are discussing the Iranian issue. 11. Iran claims the US violated commitments made in the memorandum of understanding and will establish a monitoring mechanism to review violations. 12. Iranian sources say Iran insists on retaining control of the Strait of Hormuz. 13. US Vice President Vance: Commercial shipping has achieved free passage in the past three days. 14. Qatar: All parties agreed to advance discussions, and the next meeting will be held after the funeral of the former Iranian Supreme Leader. Other Developments 1. Israeli media, citing senior security officials, stated that the Gaza Strip is nearing a boiling point, and returning to conflict is no longer a question of "if," but "when." 2. US officials: US troops will be stationed in Lebanon and Israel to monitor the ceasefire. 3. According to Saudi Arabia's Al Arabiya TV: Israel launched airstrikes over Nabutia in southern Lebanon. 4. Iran Air resumes its Tehran-Mumbai route. 5. Thailand confirms that most of its vessels have safely left the Strait of Hormuz. 6. British media: Gulf states reportedly seek to reach a regional security agreement with Iran unilaterally. 7. A ship ran aground in the Strait of Hormuz; the extent of the damage is unclear. 8. According to Iranian state media: A foreign container ship ran aground in the Strait of Hormuz because it did not follow the route designated by Iran.

Fed's Daly said she is unable to make a decision at this time and cannot give misleading forward guidance on interest rates.