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Discussions from Decrypt
How should governments balance regulations on crypto companies with the need for innovation and economic growth?
The United Kingdom sanctioned a large crypto exchange, accusing it of "supporting the government of Russia."
What do you think the Federal Reserve's decision to keep interest rates steady means for our economy and everyday life?
The Federal Reserve left interest rates steady in what was almost certainly Jerome Powell's final meeting as its leader, but there were the most internal dissents at a Fed meeting in 34 years. The big picture: The surprising dissents show that Kevin Warsh, whose confirmation to lead the Fed is pending in the Senate, will face significant internal resistance to delivering the interest rate cuts that President Trump desires. Driving the news: The central bank's policy committee left its target interest rate in a range between 3.5% and 3.75% for the third straight meeting to start 2026 and made only small changes to its policy statement. Three reserve bank presidents — Beth Hammack (Cleveland), Neel Kashkari (Minneapolis) and Lorie Logan (Dallas) — dissented not against the rate decision, but because they "did not support inclusion of an easing bias in the statement at this time."Governor Stephen Miran also dissented, but in the other direction, favoring an interest rate cut.The four total dissents were the most there have been at a Fed policy meeting since October 1992. State of play: There has been simmering resistance among Fed officials, especially at the reserve banks, to signaling that further interest rate cuts are anticipated, given five consecutive years of above-target inflation. Now, it has burst out into the open, in Powell's final meeting at the helm.Powell's term concludes May 15, and Warsh's nomination to be his successor advanced through the Senate Banking Committee Wednesday morning. Warsh appears on track to be confirmed by the full Senate well before the next Fed meeting in mid-June. Between the lines: The clause in the policy statement the three dissenting reserve bank presidents object to is language, repeated from recent statements, that in considering "the extent and timing of additional adjustments" to rates, the Fed will carefully assess data, the outlook and balance of risks. ·The phrase "additional adjustments" implies a continuation of the r
What are the benefits and risks of the Pentagon working with big AI companies on military projects?
Most recent instance of department integrating with AI comes amid Anthropic standoff, concern over use in Iran war
How could using AI to detect pancreatic cancer early change our healthcare approach and support for patients?
The AI model analyzes subtle tissue changes on routine CT scans invisible to human specialists, detecting pancreatic cancer up to three years earlier than doctors can
What are the possible effects of changing leadership at the Federal Reserve on the economy and financial rules?
The DOJ dropped its criminal investigation into Fed Chair Jerome Powell, clearing the way for the Senate to confirm Kevin Warsh
What should the U.S. do about concerns regarding technology theft related to artificial intelligence?
Trump official Michael Kratsios says Chinese entities stealing from American labs
What are the potential benefits and challenges of stablecoin funds for our economy and financial system?
Morgan Stanley launched a government money market fund for stablecoin issuers to hold reserves in line with GENIUS Act requirements
What are the potential effects of banning prediction markets on elections and sports in Brazil?
Brazil’s Finance Ministry cited investor protection concerns and rising gambling addiction as it blocked platforms like Polymarket and Kalshi
How could Iran's use of cryptocurrency impact its economy and relationships with other countries?
Iran is demanding oil tankers passing through the Strait of Hormuz pay a toll in cryptocurrency, highlighting its importance to the Iranian regime and economy
What are the impacts of candidates trading on election outcomes for public trust in politics?
Mark Moran, an underdog Senate candidate from Virginia, claims he wanted to get caught violating the prediction market platform’s rules