Warsh: Don't expect to get hints from the Fed about the future direction of interest rates.
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Federal Reserve's Williams: Strong investment in AI is expected to continue.
According to BlockBeats, on July 7th, Federal Reserve official Williams stated that he expects to continue seeing strong investment in artificial intelligence, that risks in the labor market are relatively balanced, and that his recent outlook on inflation is more positive due to energy prices. He added that the direction of monetary policy depends on data and risks, and that the Fed is prepared to achieve its goals. (Jinshi)
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Fed Chair Warsh devoted a full section of his speech today at Jackson Hole to AI's weight on the economy. Here are the biggest takeaways.
Bitcoin dips to $78.4K as Fed’s Warsh downplays softer inflation prints
Bitcoin failed to make a decisive break above $80,000 as traders digested Fed Chair Kevin Warsh’s Jackson Hole keynote speech, which remained wary of US inflation trends.
Swiss private bank Julius Baer: The Federal Reserve is unlikely to raise interest rates, and gold prices are expected to rebound.
According to Mars Finance, citing Jinshi, Swiss private bank Julius Baer predicts that the Federal Reserve is unlikely to raise interest rates and the dollar may weaken, thus gold prices are expected to recover lost ground.
Farage’s Reform UK gets biggest donation ever from crypto billionaire: Reports
Ben Delo, co-founder of BitMEX, donated almost $50 million to Nigel Farage’s Reform UK party.