News linked to both this project and an event.
Odaily Odaily News, Federal Reserve's Logan stated that Fed officials may need to raise interest rates later this year to bring inflation down to the 2% target level. She noted that the U.S. labor market is "largely in balance," investment in the AI sector is booming, and financial conditions remain "loose." However, she added that the current inflation trend does not appear to be heading back towards the Fed's 2% target. "These conditions suggest that current monetary policy is not exerting a restraining effect on the economy," "I am increasingly concerned that, in order to fully restore price stability and appropriately balance both aspects of the Fed's 'dual mandate,' interest rate hikes may be necessary later this year." (Jin Shi)
Odaily News Kevin Warsh stated during a Senate hearing that digital assets "have become part of the U.S. financial system" and supports their inclusion into the financial system to provide investors with more opportunities and protection.This statement is seen as a signal of a generally more open policy towards the cryptocurrency industry should he become the Federal Reserve Chair. Warsh has previously referred to Bitcoin as an "important asset that aids in policy-making."However, Elizabeth Warren expressed concerns during the hearing, mentioning potential risks in the crypto space such as "sock puppet" accounts, emphasizing the need for enhanced regulation and prevention of abuse.