Federal Reserve Policy & Dual Mandate - The Federal Reserve's dual mandate of inflation and jobs is creating a dilemma, as these goals appear to be in conflict [1] - The Fed needs to determine which aspect of its dual mandate to prioritize: weaker jobs data potentially leading to rate cuts, or persistent inflation [1][2] Interest Rate Path & Economic Factors - The market is closely watching for signals from the Federal Reserve regarding the future interest rate path [1] - Factors influencing the Fed's decision include weaker jobs reports, inflation trends (especially services inflation), and potential tariff relief [2] - It remains uncertain whether Fed Chair Powell's speech at Jackson Hole will indicate a path towards rate cuts or a continuation of the "wait and see" approach [3] Committee Decision-Making - Interest rate decisions are made by the full Federal Reserve committee, not solely by the chair [3]

I just want to bring you some news. Uh, I have received a letter from what appears to be the Department of Justice, Edward Martin, who is the special attorney for mortgage fraud, associate deputy attorney general, to Fed Chair Jerome Powell. This is in relation to the saga and the accusations around Lisa Cook around mortgage fraud.Um, the letter from the Department of Justice's Ed Martin that I'm looking at addressed to Chair Powell says that he's received referrals and must examine publicly available facts ...

The Justice Department plans to investigate Fed Governor Lisa Cook, with a top official informing Fed Chair Jerome Powell of the probe and encouraging him to remove her from the board in a letter sent Thursday https://t.co/sPNPiQr1qV ...

Monetary Policy & Central Banking - The Jackson Hole symposium, an annual meeting for monetary policy leaders in Wyoming, is taking place [1] - Kansas City Fed President Jeffrey Schmid discussed the agenda for central bankers and academics at the symposium [1]

What does this pressure campaign look like when it comes to the US position of global trust across the world economy. I think it's important for us not to look at this as an attack on one individual Fed governor, but an attack on an institution and the independence of the Federal Reserve has been, at its core, central to the confidence that investors around the world have in the U.S. economy. You know, in my old job, one of the things I did was be with investors in the United States, the people around the w ...

Behind closed doors, officials at the Federal Reserve said much the same as they've said in public: that concerns over tariffs stoking inflation led them to keep the central bank's interest rate flat in July instead of cutting it. https://t.co/DMCDS4Cd1D ...

The Kansas City Fed economic po policy symposium starts today in Jackson Hole, Wyoming. And that is where we find our senior economics reporter, Steve Gleeman. He has a special interview for us.Steve, good morning, Becky. As is tradition, we sat down with the host of the symposium, the Kansas City Fed President, and I started by asking Jeff Schmidt, now in his second year as president, for his comments about allegations of mortgage fraud against Fed Governor Lisa Cook. we have responsibilities responsibilit ...

Market Analysis & Trends - The market is pondering whether $124,000 Bitcoin was the cycle top and there won't be an alt season, indicating market rationality [1] - Concerns arise from the AI bubble feeling skittish and macro worries, but the S&P was at an all-time high until recently [2] - Sam Altman believes the AI sector is in a bubble, with OpenAI stock potentially valued at $500 billion [2] - Investors are worried about stagflation due to weak jobs report and high PPI numbers, putting the Fed in a tight spot [2] Cryptocurrency Performance & ETF Flows - Bitcoin is down 65% to $113600, and Ether is down 10% to $4200 [3] - ETH ETFs attracted $3 billion of net inflows in August, while Bitcoin attracted up to $1 billion during the same period [3] - ETH ETFs saw $422 million outflows, and Bitcoin ETFs saw $650 million outflows in the last 7 days [3] - Total crypto market cap is healthfully below $4 trillion, currently at $39 trillion [3] Treasury Strategies & Company Activities - Bitmine became the second-largest crypto treasury with $65 billion worth of Ether, representing 126% of the total ETH supply [4] - Micro Strategy bought 430 Bitcoin for $51 million at an average purchase price of around $119000 [6] - Micro Strategy's stock fell 8% after indicating it would lower restrictions on issuing more shares, trading at 16% MNAV [6] Regulatory Landscape & Institutional Involvement - New York is proposing a 2% tax on digital asset transactions, including sales and transfers of crypto and NFTs [12] - Wyoming launched the first stable coin issued by a US state, which can be used to fund public services [13] - The executive director of crypto in the White House left to lead Tether's US strategy and expansion efforts [13] - The Fed's vice chair for supervision stated the US must embrace crypto and new technologies, and Fed staff should hold small amounts of crypto to better understand the technology [14][15]

Market Focus - Federal Reserve chair Jerome Powell is scheduled to speak at the central bank's annual Jackson Hole Symposium on Friday [1] - The event could be a major test of the stock market's post-"Liberation Day" rally [1]

Revolutions Move Faster on Sei. ($/acc)Watcher.Guru (@WatcherGuru):JUST IN: 🇺🇸 Federal Reserve Governor Waller says stablecoins and other cryptocurrencies are part of a payments "revolution." ...