The head of the Cleveland Fed noted that she needs to see inflation returning to 2% sustainably and that current interest rates "may already be at or near neutral". Click to view...
Cleveland Fed President Beth Hammack said it would be appropriate to keep interest rates on hold for "some time" while policymakers wait for inflation to decline further and analyze the economic impact of the new administration's policies. "We've made good progress, but 2 percent inflation is yet to be seen," Hammack said in a note prepared for the event in Lexington, Kentucky, on Tuesday. "As long as the labor market remains healthy, I will look for inflation before further policy adjustments.....
Cleveland Fed President Mark Hammarck dissented at the third Fed meeting, where she only participated in decision-making. She opposed the idea that interest rates had to be cut due to market expectations at the time, and said her objection was supported by Powell and other colleagues. Click to view > >
Beth Hammack, president of the Federal Reserve Bank of Cleveland, explained why she voted no at this week's meeting, saying interest rates should be kept steady until more progress is made in reducing inflation. Hammack said she believed interest rates were near neutral levels that would neither drag down nor stimulate the economy, and suggested they should remain high enough to moderately constrain economic activity "for a period of time." In my estimation, monetary policy is not far from neutr...
The Wall Street Journal broke the details of American entrepreneur Musk's support for Trump on August 12, saying that Musk's team proposed to mobilize 800,000 swing state voters to vote for Trump and provide about $160 million (about 1.15 billion) in financial support. According to reports, at the weekly meeting, Super PAC consultants and suppliers reported to Musk on their latest progress, with the goal of mobilizing 800,000 people in swing states to vote for Trump. According to people familiar...
Former Biden adviser Moe Vela said that Harris needs to be very clear and very open about her views, positions and plans on cryptocurrency, and needs to build an absolute cryptocurrency platform. The crypto industry needs to understand her views and know how she feels about it. The Democratic Party in the United States needs to wake up to cryptocurrencies and re-examine the advantages of cryptocurrencies and how cryptocurrencies can really help achieve some goals in the US election. It is report...
NBA Cleveland Cavaliers active player Tristan Thompson (Tristan Thompson) recently mentioned the popular Meme coin WHY on the BNB Chain many times on X, and compared with the market value of SOL, BNB and WIF.
On July 8th, the decentralized derivatives platform Vela Exchange posted on social media that it will release the V2 version today (July 8th). Among them, the biggest update to the V2 version is: the introduction of the esVELA token model, users can obtain esVELA by locking VELA.