Federal Reserve Goolsby: I'm concerned that if we maintain this level of tightening, the likelihood of a recession could increase.
On July 29th, the profit crunch after the bitcoin halving has put pressure on the business model of bitcoin mining companies, and some larger companies see this industry hurdle as an opportunity to expand their business or launch a hostile takeover. The bitcoin mining industry is expected to consolidate in the next 18 months, with some well-capitalized miners looking to gobble up competitors, such as Colorado-based Riot Platfor...
Federal Reserve Chairperson Jerome Powell: Although policy is restrictive, it is not overly tight, and the neutral interest rate may have risen.
Federal Reserve Chairperson Jerome Powell said that while policy is restrictive, it is not overly tight, and that the neutral interest rate may have risen; when the Federal Reserve has confidence in inflation, it is time to act. Powell said he would remain in office until May 2026; he is very pleased to assume the position of chairperson of the Federal Reserve Board.