ChainCatcher news, according to Jinshi reports, Federal Reserve official Williams stated in an interview with CNBC that the Federal Reserve has begun to consider how future fiscal policies will impact the economy. There is a lot of uncertainty regarding future fiscal policies and inflation. He has taken into account some considerations regarding the impacts of trade and immigration.Williams stated that recent data is consistent with the Federal Reserve's economic forecasts, indicating that the economic situation is good, but he expects the growth rate to slow to 2.0% next year. The Federal Reserve will have to rely on data when formulating policies, and while the current policy is in good shape, it is somewhat restrictive.

ChainCatcher news, Fed's Williams stated that based on the data, the baseline path is further rate cuts. (Jin Shi)

ChainCatcher news, according to Jinshi, New York Federal Reserve President Williams stated on Monday that as inflationary pressures continue to ease, the Federal Reserve may further lower its interest rate targets.During a speech at a meeting of the Queens Chamber of Commerce in New York, Williams said, "Monetary policy remains in a restrictive range to support a sustainable return of inflation to the 2% target." Looking ahead, "I expect that over time, it will be appropriate to continue shifting towards a more neutral policy setting," Williams stated, adding that the policy path will depend on the data.If there is anything we have learned in the past five years, it is that the outlook remains highly uncertain. Williams did not provide clear guidance on the timing of interest rate cuts or whether he believes the Federal Reserve will lower its interest rate targets at this month's FOMC meeting.

ChainCatcher news, according to Bloomberg, U.S. Attorney for the Southern District of New York, Damian Williams, has revealed that he plans to resign before Donald Trump's inauguration in January, marking the end of his tenure in actively prosecuting Wall Street crimes.Previously, Trump announced last week that he would appoint Jay Clayton to replace Williams, who served as the chairman of the U.S. Securities and Exchange Commission until 2020. After Trump took office, Williams and many other U.S. attorneys appointed by President Biden across the country are almost certain to be replaced. Most other U.S. attorneys will continue to serve until they are formally asked to resign.

ChainCatcher news, according to Bloomberg, U.S. Attorney for the Southern District of New York Damian Williams has revealed that he plans to resign before Donald Trump takes office in January next year, marking the end of his tenure in aggressively prosecuting Wall Street crimes.Previously, Trump announced last week that he would appoint Jay Clayton to replace Williams, who served as the chairman of the U.S. Securities and Exchange Commission until 2020. After Trump took office, Williams and many other U.S. attorneys appointed by President Biden across the country are almost certain to be replaced. Most other U.S. attorneys will continue to serve until they are formally asked to resign.

ChainCatcher news, according to Caixin, NVIDIA will replace Intel, and Sherwin-Williams will replace Dow Inc. as components of the Dow Jones Industrial Average, effective November 8. The purpose of the index adjustment is to enhance exposure representation to the semiconductor and materials industries.

ChainCatcher news reports that, according to sources, Harris's transition team is reviewing candidates to succeed Gary Gensler as the Chair of the U.S. Securities and Exchange Commission (SEC).Unchained has learned that there are two potential successors: Georgetown University law professor Chris Brummer and Public Company Accounting Oversight Board (PCAOB) Chair Erica Williams, who are said to have a more favorable view of cryptocurrency than Gensler.Vice President Harris has not publicly or privately committed to replacing Gensler, and it is unclear whether she is seriously considering Brummer, Williams, or other candidates. Currently, Harris's team is more focused on campaigning, as she has just become a candidate and has other policy issues to prioritize.A spokesperson for Harris's transition team stated, "The transition team will not make any personnel appointments before the election. Instead, we are focused on building the necessary infrastructure to be prepared."

ChainCatcher message, Federal Reserve's Williams stated that the GDP is expected to be between 2.25% and 2.5% in 2024, averaging 2.25% over the next two years. (Jin Ten)

ChainCatcher news, Federal Reserve's Williams stated that the Federal Reserve has launched a benchmark interest rate committee, which will help the market utilize and understand the benchmark interest rate. (Jin Ten)

ChainCatcher news, Federal Reserve's Williams stated that he is ready to begin the rate cut process, and the Federal Reserve's policy has been effective in restoring price stability, expecting inflation to further cool down, with an inflation rate of 2.25% this year.Federal Reserve's Williams did not comment on the possible magnitude of the first rate cut.

ChainCatcher news, according to Cointelegraph, Nigerian crypto celebrity Linus Williams, also known as Blord, has been released on bail after being detained by the police for three days. The KOL, who has a large following in the cryptocurrency community, was detained by the Nigerian Police Force's Cyber Crime Unit on suspicion of cryptocurrency fraud and terrorism financing related to his company.

ChainCatcher news, Federal Reserve's Williams stated that the Fed remains committed to achieving a 2% inflation target; price stability is key to financial stability.

ChainCatcher news, according to "Fed Whisperer" Nick Timiraos, Federal Reserve's Williams hinted that if recent inflation continues to slow down, there may be a reason to cut interest rates in the coming months, but there will not be a rate cut at the Federal Reserve meeting in two weeks.Williams also stated that, along with signs showing that the U.S. labor market is gradually cooling, the inflation data from the past three months "brings the Federal Reserve closer to the inflation decline trend we expect." These are all positive signs. He hopes to see more data to gain further confidence that inflation is consistently moving towards our 2% target. His remarks suggest that the central bank may consider lowering interest rates at the mid-September meeting, provided that there are no significant surprises in the economic situation.

ChainCatcher news, the Nigerian police have intensified their crackdown on cryptocurrency-related crimes, arresting local crypto celebrity Linus Williams (known as BLord). Police Public Relations Officer Olumuyiwa Adejobi confirmed the arrest in a statement released on July 17.The Nigerian police stated that BLord faces charges of internet fraud, cryptocurrency fraud, terrorism financing, and violations of the Central Bank of Nigeria (CBN) Act. These charges are directed at Williams and his associated companies: Blord Group, Blord Real Estate Ltd, Blord Jetpaye Limited, and Billpoint Technology.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Williams stated that the recent inflation data is encouraging. It is expected that as inflation slows down, interest rates will gradually decrease.Politics will not affect the Federal Reserve's interest rate decisions. The inflation rate is returning to the Federal Reserve's target level of 2%.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Williams expressed welcome towards the weakening consumer inflation data, but these positive messages are not enough to prompt the Federal Reserve to cut interest rates in the near term. It is important not to overemphasize the latest economic news, but the slowdown in inflation in April "is a positive development following disappointing data in previous months." The "overall trend of easing inflationary pressures looks quite good." However, he remains uncertain whether price pressures will continue to converge towards the 2% target before lowering interest rates.Williams also stated that there is no need to tighten monetary policy at this time, which curtails speculation that the Federal Reserve may need to raise interest rates further to bring inflation down to the desired level.

ChainCatcher news, Adidas and musician Pharrell Williams have teamed up to launch digital clothing for Doodles NFT holders in The Stoodio app. They will receive the upcoming airdrop "Pharrell Pack," which includes not only Adidas digital clothing but also other fashion brand collaborations created and co-created by Pharrell Williams, such as Human Made, Billionaire Boys Club (BBC), and Ice Cream.It is reported that the "Pharrell Pack" will be limited to 300 units. If the number of eligible users exceeds this limit, a lottery will be held to select the recipients. (source link)