BTC $83,500.32 -1.13%
ETH $2,689.59 -0.01%
BNB $763.80 -1.94%
XRP $1.50 -1.39%
SOL $118.86 -2.54%
TRX $0.3353 +0.58%
DOGE $0.0939 -3.01%
ADA $0.2471 -3.10%
BCH $310.38 -6.79%
LINK $15.44 +10.15%
HYPE $87.48 -4.58%
AAVE $149.41 -3.29%
SUI $1.15 -8.42%
XLM $0.2323 +7.77%
ZEC $1,483.70 -6.51%
AAPL $338.68 -0.39%
AMZN $246.45 -1.18%
GOOGL $342.49 -0.24%
MSFT $509.92 -1.23%
META $718.34 -4.02%
NVDA $229.57 +1.93%
TSLA $358.36 -3.80%
SNDK $1,717.52 -3.36%
INTC $116.20 -5.82%
SPCX $146.28 -2.10%
MU $1,057.71 -2.85%
AMD $610.97 -3.40%
BTC $83,500.32 -1.13%
ETH $2,689.59 -0.01%
BNB $763.80 -1.94%
XRP $1.50 -1.39%
SOL $118.86 -2.54%
TRX $0.3353 +0.58%
DOGE $0.0939 -3.01%
ADA $0.2471 -3.10%
BCH $310.38 -6.79%
LINK $15.44 +10.15%
HYPE $87.48 -4.58%
AAVE $149.41 -3.29%
SUI $1.15 -8.42%
XLM $0.2323 +7.77%
ZEC $1,483.70 -6.51%
AAPL $338.68 -0.39%
AMZN $246.45 -1.18%
GOOGL $342.49 -0.24%
MSFT $509.92 -1.23%
META $718.34 -4.02%
NVDA $229.57 +1.93%
TSLA $358.36 -3.80%
SNDK $1,717.52 -3.36%
INTC $116.20 -5.82%
SPCX $146.28 -2.10%
MU $1,057.71 -2.85%
AMD $610.97 -3.40%

president

All
Article
Flash

Former New York Federal Reserve President Dudley: The reasons for raising interest rates are sufficient, and it may initiate a series of tightening measures

Former New York Fed President Dudley stated that the reasons for the Federal Reserve's current tightening of monetary policy are quite sufficient, and the interest rate hike in September may not be a "one-time action," but rather the beginning of a series of continuous rate increases. Dudley pointed out that the U.S. inflation rate remains persistently above the Fed's 2% target, the labor market remains relatively stable, and the core CPI rose 0.3% month-on-month in August, further dispelling market concerns about a cooling of inflation.In his view, the Federal Reserve is currently clearly deviating from its dual mandate goal regarding price stability, and there are still further upward risks for inflation in the short term. Dudley expects that the Federal Reserve may provide a median expectation of two cumulative rate hikes of 25 basis points each for 2026 in the Summary of Economic Projections (SEP) to be released in September. He also noted that over the past few decades, the probability of the Fed raising rates again after a single hike has been as high as 85% to 90%, so the market should not view this round of actions as "a mere taste."Additionally, Dudley believes that if Waller decisively raises rates, it would also help demonstrate his determination to curb inflation and the Fed's policy independence. He warned that Waller should not "outsource" monetary policy to the financial markets, and the future path of interest rates should be determined by the Fed based on economic data and its own policy judgments, rather than catering to market expectations.

The Wall Street Journal: Former U.S. President Biden's son plans to launch the meme coin LAPTOP

According to the Wall Street Journal, Hunter Biden, the son of former U.S. President Joe Biden, will launch a meme coin named LAPTOP, named after his laptop incident, scheduled to go live on the Base network under Coinbase on September 9.The founding team of the project, including Hunter Biden, will hold 30% of the total token supply (1 billion tokens), with that portion locked for 6 months and fully unlocked over two years; another 20% of the tokens will be airdropped in two batches to users who previously lost money on the Trump meme coin TRUMP, Hunter Biden's Substack subscribers and their friends, and users on the mailing list maintained by video journalist Andrew Callaghan; the remaining 20% will be used for charitable donations, liquidity, and distribution to exchange partners and market makers, as well as covering the accounting, legal, administrative, and compliance costs of the token foundation.It is reported that the founding team has also agreed on a destruction mechanism that includes 30 preset events; if the relevant events achieve the preset results within the designated time (such as the Democratic Party winning the 2028 presidential election, Bitcoin reaching a new historical high, LAPTOP's fully diluted valuation exceeding TRUMP, etc.), up to 30% of the token supply may be destroyed; if not achieved, the tokens will be donated to charitable organizations proportionally.The report notes that Hunter Biden has recently been frequently participating in podcasts, news programs, and writing Substack articles discussing his views on cryptocurrency, and has commented on the controversy between the Trump family's crypto project World Liberty Financial and Sun Yuchen.
app_icon
ChainCatcher Building the Web3 world with innovations.