News list for "summer"
John Thune, the incoming Senate majority leader, said he hoped to have a comprehensive tax policy package in place by the summer, but acknowledged it would take some time to agree on changes to the complex tax code. Mr. Thune said failure was not an option when it came to taxes. According to Mr. Thune, the complex issues facing the tax reform bill include what benchmarks to use, whether to make the tax cuts permanent and what should be offset.
Summers rejected the idea of building a reserve of bitcoin assets and warned that Musk's plans to scale back federal spending would face political challenges.
Lawrence Summers, a Democrat and former US Treasury secretary, has dismissed the idea of a US government reserve of bitcoin assets and warned of political challenges to scaling back federal spending as planned by Mr. Musk, America's first buddy. Lawrence Summers said on the TV show: "What some people are saying, 'The idea that we should build some kind of national bitcoin reserve' is crazy."
U.S. Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger delivered a speech at the North American Blockchain Summit, calling for the development of cryptocurrency standards policies through a formal notification and deliberation process. Mersinger said there are problems with regulators' current "enforcement-style regulation" approach to the cryptocurrency industry, specifically mentioning the case of Uniswap Labs. She emphasized that the CFTC is "a cryptocurrency cash mark...
Former US Treasury Secretary Summers said that if President-elect Trump follows through on his promises, the United States will once again experience a severe inflation crisis. Summers pointed out that Trump's promised domestic tax cuts, higher tariffs and deportation of illegal immigrants would have a severe impact on the US economy. "If he sticks to the plan he promised during the campaign, the country will suffer a bigger inflationary crisis than it did in 2021."
Summer Mersinger, the CFTC commissioner, and Chris Giancarlo, the former CFTC chairperson, referred to the SEC's regulatory style at the BlockTower investor conference. "We are not necessarily the kind of institution that will come out and say we know better than all of you and tell you how things work," Mersinger said. "We recognise that markets work best when regulators don't intervene."
Inflation could lead the Federal Reserve to cut interest rates less than expected in the coming years, according to Mr. Summers, the former Treasury secretary. "On the monetary policy front, the Fed faces the risk of higher inflation if it is to actually cut rates as much as it expects," he said. Fed policymakers' latest dot plot forecast for the median federal funds rate at the end of next year is 3.4 per cent, or 150 basis points on top of Wednesday's 50 basis point cut. Mr. Summers said that ...
Base's official post said that this year's Onchain Summer event has ended, which lasted for three months and attracted thousands of projects and hundreds of on-chain builders and creators - generating more than $5 million in on-chain revenue for builders, creators and projects, more than 2 million independent wallets participated in on-chain experiences, and more than 24 million on-chain assets were minted.
Mr. Summers, the former Treasury secretary, said that while the August non-farm payrolls report was not particularly bad, it did make it harder to predict how much the Federal Reserve might cut interest rates this month. "The data, while not showing very significant weakness, certainly won't give you a sense of relief if you're concerned about recent statistical trends," Mr. Summers said in an interview.
Summer travel "people from the crowd", amusement parks and museums, which one do you choose? 50 theme parks and museums with the largest traffic counting in the world in 2023!
Former U.S. Treasury Secretary Summers said that although the Federal Reserve failed to act quickly to deal with the 2021 inflation surge, setting a "low point" in its monetary policy history, it ultimately did enough to correct the economy. "I have to commend the Federal Reserve... While it's not always obvious, they acted strongly and forcefully enough to keep inflation expectations stable," Summers said. Summers said:...
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