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Fed's Bowman: Latest jobs data strengthens support for three rate cuts in 2025
The Federal Reserve’s vice chair of supervision, Michelle Bowman, on Saturday said recent weak job data underscores her concerns about labor market fragility and strengthens her confidence in her own forecast that three interest-rate cuts will likely be appropriate this year. Bowman was one of two Fed governors to dissent last month against the U.S. central bank’s decision to leave short-term borrowing costs in the 4.25%-4.50% range where they have been since December. Most Fed officials have been more cautious about lower rates, given the potential they see that the Trump administration’s tariffs could disrupt ... (full story)
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From thehill.com|Aug 9, 2025Bo Hines, a White House’s crypto adviser, announced on Saturday that he will be departing President Trump’s administration and going back to the private sector. “Serving in ...
From asia.nikkei.com|Aug 9, 2025Bo Hines, who headed Republican President Donald Trump's Council of Advisers on Digital Assets, said on Saturday he was leaving his current role and returning to the private sector. Late last month, a cryptocurrency working group led by Hines and including several administration officials outlined the Trump administration's stance on market-defining crypto legislation and called on the U.S. securities regulator to create new rules specific to digital assets. Shortly after taking office in January, Trump had ordered the creation of the crypto working group and tasked it with proposing new regulations, making good on his campaign promise to overhaul U.S. crypto policy. Serving in President Trump’s administration and working alongside our brilliant AI & Crypto Czar @DavidSacks as Executive Director of the White House Crypto Council has been the honor of a lifetime. Together, we have positioned America as the crypto capital of the world. I’m…
From marctomarket.com|Aug 9, 2025|4 commentsIt seems clear that the July jobs data was an important turning point. The two dovish governor dissents from the FOMC's decision to standpat, citing not economic strength like the ...
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From fool.com|Aug 10, 2025Cryptocurrencies don't always make sense. It may seem silly to buy digital coins that are traded on a very expensive global network of number-crunching computers. Legendary ...
From morningstar.com|Aug 10, 2025|7 commentsMiran is not expected to be confirmed to his seat on the Fed board until after the central bank's September meeting The chair of the Council of Economic Advisers, Stephen Miran, ...
From fxdailyreport.com|Aug 10, 2025Harvard University, a renowned academic institution, has recently made a disclosure related to crypto with the acquisition of a staggering $116M stake in the popular platform ...
