Federal Reserve holds rates steady at 3.5-3.75% as Chair Warsh heads to Congress

Asha Sharma will advise the Federal Reserve on AI’s impact on jobs and productivity as Xbox undergoes the biggest restructuring in its history.

The post Circle Wins OCC Approval for Nationwide USDC Reserve Trust Bank appeared on BitcoinEthereumNews.com. Key Takeaways: The Office of the Comptroller of the Currency (OCC) has issued its final approval of a national trust bank founded by Circle. Circle can hold its stablecoins on the Federal Reserve’s books from now on. In the Federal Charter, the provision is added to the legal regulation of stablecoins, which puts the stablecoin issuer under direct control of national banking regulators. Final pledges by the U.S. Office of the Comptroller of the Currency clear the way for Circle to launch a national trust bank. This is the stablecoin issuer’s lengthy process of evaluation completed. The approval places the firm in the category of a financial institution chartered by the federal government and makes it no longer a state-regulated money transmitter. Circle’s main business systems are going to be deployed in the federal banking system. At the time of writing, USDC is the second (by

The post Federal Reserve: Monetary policy report cites “high inflation” due to tariffs appeared on BitcoinEthereumNews.com. The Federal Reserve (Fed) released its monetary policy report on Friday , in which the US central bank acknowledged that inflation remains elevated and that the labor market is broadly stable, a signal that the price stability goal hasn’t been achieved. The report noted that inflation rose further in the spring, indicating that economic activity is expanding solidly despite uncertainty sparked by the war in Iran. M2 money supply growth rates “were moderate and broadly similar to the pace typically observed during the 2010s.” Credit conditions for small businesses and households remained tight, according to the Fed, and Q1 2026 growth was boosted by investment in high tech and government spending. The Fed said that the housing market is stagnant, that the financial system remained sound and resilient, and that asset valuations in stocks, corporate debt, residential

The post Silver edges lower as Fed hike bets weight ahead US CPI data appeared on BitcoinEthereumNews.com. Silver (XAG/USD) trades slightly lower on Friday, hovering around $59.90 at the time of writing, down a modest 0.08% on the day. The white metal is struggling to extend its rebound as renewed tensions in the Middle East fuel concerns about persistent inflation, reinforcing expectations that the Federal Reserve (Fed) could raise interest rates. The resumption of hostilities between the United States (US) and Iran has revived concerns over energy supplies, lifting Oil prices and strengthening expectations of persistent inflation. This backdrop keeps expectations for monetary tightening alive and weighs on non-yielding assets such as Silver. According to the CME FedWatch tool, markets are now pricing in a high chance of at least one interest rate hike before the end of the year. This outlook is also supporting the US Dollar (USD), whose rebound is limiting the appeal of USD-denominat

The Fed's inflation stance signals tighter financial conditions, impacting crypto markets and potentially reshaping monetary policy dynamics. The post Federal Reserve holds rates steady as Bitcoin jumps past $60K on Warsh’s inflation comments appeared first on Crypto Briefing.

The post A16z’s Marc Andreessen joins Fed task force on AI and jobs appeared on BitcoinEthereumNews.com. The Federal Reserve has named Andreessen Horowitz co-founder Marc Andreessen to help lead a task force studying artificial intelligence, productivity and employment. Summary Marc Andreessen will co-lead a Federal Reserve task force examining AI, productivity and American employment. Stanford economist Charles Jones and Microsoft executive Asha Sharma will serve alongside Andreessen on the panel. The review comes as Fed officials debate whether AI will ease inflation or raise costs. The Federal Reserve announced the appointment on July 9. The panel forms part of Fed Chair Kevin Warsh’s broader review of how the central bank makes monetary policy decisions. Andreessen will serve on the Productivity and Jobs task force with Stanford University economist Charles I. Jones and Microsoft executive Asha Sharma. NEWS: Fed Chair Kevin Warsh appoints a16z founder Marc Andreessen to co-lead the

The Federal Reserve named a16z founder Marc Andreessen to a task force studying AI’s effects on productivity, employment and monetary policy.

The post Trump Won’t Sign Bipartisan Housing Bill In Protest Of Voter ID Law Stalemate appeared on BitcoinEthereumNews.com. Topline President Donald Trump said he won’t sign a bipartisan housing bill passed by Congress last month in protest of the Senate’s inability to pass new voter ID requirements—but unless he vetos the bill, it will automatically become law at midnight, even without his signature. Donald Trump, President of United States, speaks at the press conference during the 2026 NATO Ankara Summit in Ankara, Turkey, on July 8th, 2026. (Photo by Beata Zawrzel/NurPhoto via Getty Images) NurPhoto via Getty Images Key Facts Trump said in a Truth Social post on Friday he will not sign the housing bill “IN PROTEST over the fact that the United States Senate is not capable of passing THE SAVE AMERICA ACT.” It’s unclear if Trump will veto the legislation, however, which is the only way to block it from taking effect at midnight. Trump previously cancelled a June 24 signing ceremony f