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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
Read full articleA trust deficit in the Fed's inflation management could undermine economic stability, influence crypto adoption, and affect policy credibility. The post Former Fed governor Randy Kroszner flags growing trust deficit between central bank and consumers on inflation appeared first on Crypto Briefing.
The post a16z co-founder Marc Andreessen named to Federal Reserve AI task force appeared on BitcoinEthereumNews.com. Marc Andreessen, the co-founder of the venture capital firm Andreessen Horowitz (a16z), will help lead a new Federal Reserve task force focused on studying how artificial intelligence changes productivity and employment. The Federal Reserve has launched four other similar initiatives and announced Andreessen’s appointment on July 9. How is AI changing the workplace? The Federal Reserve recently announced that Marc Andreessen, the co-founder of Andreessen Horowitz, will co-lead a panel called Productivity and Jobs alongside Charles I. Jones, a Stanford economics professor currently on leave at the AI company Anthropic, and Asha Sharma, who serves as Microsoft’s executive vice president and Xbox CEO. The panel is one of five task forces created by Fed Chair Kevin Warsh to challenge how the central bank reaches monetary policy decisions. The other four groups will focus o
Persistent inflation due to global tensions and tech investments may deter crypto investments, as higher interest rates favor traditional assets. The post Federal Reserve blames tariffs, Iran conflict, and AI spending for persistent inflation surge appeared first on Crypto Briefing.
Rising memory prices could lead to sustained inflationary pressures, influencing Federal Reserve policy and impacting consumer electronics costs. The post Federal Reserve warns soaring memory prices will raise core PCE by 1% appeared first on Crypto Briefing.
Sharma's Fed role highlights AI's dual impact on productivity and job markets, influencing future monetary policy amid tech industry shifts. The post Xbox CEO Asha Sharma joins Federal Reserve AI task force after historic layoffs appeared first on Crypto Briefing.
The post Xbox CEO Joins Fed AI Jobs Task Force Days After Announcing 3,200 Layoffs appeared on BitcoinEthereumNews.com. In brief The Federal Reserve named Xbox CEO Asha Sharma to a task force studying AI’s impact on jobs and productivity. Sharma joins Marc Andreessen and Stanford economist Charles I. Jones on the Productivity and Jobs group. The appointment follows Xbox’s announcement that it will cut 3,200 roles as part of a major restructuring. Days after announcing the largest restructuring in Xbox history, CEO Asha Sharma has joined a Federal Reserve task force examining how artificial intelligence and other emerging technologies could reshape jobs, productivity, and the broader economy. On Thursday, the Federal Reserve said that Sharma will serve on its Productivity and Jobs task force, which will study the economic impact of new general-purpose technologies, including AI, as part of the central bank’s approach to monetary policy. Sharma, who previously worked in Microsoft’s Cor
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
