News list for " there is no"
US Treasury Secretary Vincent Bescent revealed a list of 11 candidates for the Federal Reserve Chair, and interviews will start after Labor Day. Bescent bluntly stated that he would slash interest rates to activate the housing market, but Deutsche Bank refuted its interest rate model theory as baseless. Click to view...
The U.S. government is in talks with Intel (INTC. O) about replacing subsidies in the Chip and Science Act with a shareholding, Commerce Secretary J.K. Lutnik confirmed. Mr. Lutnik said on Tuesday that the plan would not give the U.S. government governance or voting rights in the company. He attacked the chip bill signed by former President Joe Biden, saying it provided subsidies to semiconductor makers without allowing the United States to pay for them.
Federal Reserve Hamak: We have not yet reached the inflation target, and it is still very important to maintain the tightening of monetary policy. Fed officials are engaged in a fierce debate on economic issues. We are very close to the neutral interest rate level, and there is no urgent need to cut interest rates at this time.
According to a report by Jin Ten, Swiss National Bank Governor Schlegel said that he does not see the need to launch a retail central bank digital currency.
Mr. Waller, the Fed governor, said he still saw no need for a US digital currency and that it was too early to assess the impact of new technologies on frictions in the payment system, but that the private sector was well placed to explore these developments. The Fed's role, which includes supporting innovation while managing risks to financial stability, aims to promote the efficiency and security of payment systems that benefit households, businesses and the economy as a whole.
The Bank of Japan is understood to see little need for a rate hike next week.
