Fed Chair Waller: Aiming for Real-Time Data-Driven Policy Making Within a Year
On July 1, Federal Reserve Chair Waller set an ambitious timeline aimed at enabling the Fed to rely on new technologies that provide real-time economic data, thereby reducing dependence on lagging government survey data. Waller stated, "My vision is that within the next 9 to 12 months, we will utilize new technologies to understand the dynamics of the real economy in a synchronized, real-time manner, allowing us to make more informed decisions; we will no longer rely solely on data from government agencies that are statistically biased and no longer applicable."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The White House did not intervene in the decision-making of Nvidia's board of directors.
BoE’s Greene says it is appropriate to proactively tighten our monetary policy stance
CoreWeave plans to issue at least $4 billion in investment-grade loans, falling nearly 6% after hours
According to Bloomberg, CoreWeave is seeking to refinance at least 4 billion USD through an investment-grade loan, led by Morgan Stanley and Mitsubishi UFJ, with a syndication roadshow expected to start as soon as next week. This financing continues the structure of using Nvidia chips and customer contracts as collateral, with the yield on the issuance anticipated to be around 7% to 7.5%, much lower than its junk bond yield. Following the news, CoreWeave's shares fell nearly 5.8% after hours.
Crypto prices
More
