The 2025 FOMC voting committee and Kansas Federal Reserve President Schmid will speak in ten minutes.
The 2025 FOMC voting committee and Kansas Federal Reserve President Schmid will speak in ten minutes on the outlook for the economy and monetary policy.
Eric Schmidt, the former CEO of Google, said at the computer school conference at Stanford University that although open source is good, and most of Google's historical infrastructure has also benefited from open source, the cost of the AI industry is too high for open source to afford, and the French model Mistral, which he invested in, will switch to a closed-source route. Eric Schmidt also believes that AI will make the rich richer and the poor poorer. This is a game between powerful countrie...
Mr. Schmid, the president of the Kansas Fed, signalled he was not ready to support a rate cut because inflation was above target and the labour market remained healthy, albeit somewhat cooler. In remarks to the Kansas Bankers Association, Mr. Schmid said the recent drop in inflation was "encouraging" and that more reports of low price pressures would increase his view on inflation.