Lookonchain APP

App Store

Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

2025.04.18 15:48:23

On April 18th, Adam Posen, who has held positions in the Federal Reserve and the Bank of England, stated in a speech this week, "We may be on the verge of a recession or we might not. Nevertheless, in either case, we will be confronted with inflation." Posen, currently serving as the President of the Peterson Institute for International Economics, wields significant influence. He believes that there is a 65% probability of a recession. Regarding the Fed, Posen thinks that given the still relatively high level of inflation, it has cut interest rates too vigorously. Once prices start to rise again, the Fed may not be able to keep pace with the changes. As a consequence, the Fed may be compelled to raise interest rates rapidly and significantly, thereby placing additional stress on the economy. If all these scenarios were to come to pass, Posen said that repairing this damage could take several years or even longer. (FXStreet)
Relevant content

A whale transferred 19,235 ETH to Binance, worth approximately $35.34 million.

According to YuEmber monitoring, geministar.eth transferred 19,235 ETH (worth approximately $35.34 million) to Binance 15 minutes ago.

9 minutes ago

Robinhood addresses controversy: Its support for Trump’s account is aimed at inclusive finance, not to encourage gambling-style trading.

According to The New York Times, as Robinhood integrates prediction markets into its app, external concerns have grown over the platform’s potential to exploit young, inexperienced investors. Additionally, many still associate Robinhood with the meme stock craze that swept markets years ago, and the firm was a key driver of that phenomenon. Today, Robinhood aims to be seen as more than those labels. The company has become one of the entities operating the Trump Accounts program, which gives Robinhood the chance to build closer ties with the next generation of investors while further strengthening its relationship with Washington’s political establishment. Robinhood CEO Vlad Tenev responded that the move is not to encourage speculation, but to expand financial inclusion and help more U.S. households participate in long-term investing. Currently, Robinhood has adjusted some product designs and is working to transition from a “speculative trading platform” to a broader financial services firm.

9 minutes ago

Iran's Deputy Foreign Minister: Iran has ceased implementing the Iran-US Memorandum of Understanding

According to Iranian media reports on the 18th, Iranian Deputy Foreign Minister Garibabadi stated that Iran has ceased implementing the Iran-US Memorandum of Understanding after the United States violated its commitments.

9 minutes ago

BONK treasury attacker transfers approximately $1.19 million worth of tokens to Binance.

According to Yu Jian Monitoring, the address that previously drained the BONK treasury via a governance attack transferred 400 billion BONK tokens (valued at roughly $1.19 million) to Binance 20 minutes ago. The address spent approximately $4.4 million 10 days ago to purchase enough BONK tokens to meet the governance voting threshold, then submitted a governance proposal that was forcibly passed, siphoning 4.426 trillion BONK tokens from the BONK treasury, worth around $21.2 million.

9 minutes ago

Consensys unwittingly hired North Korean developers for software development work, and has launched a full investigation.

Blockchain firm Consensys unknowingly granted a North Korea-linked software developer access to some of its internal systems for roughly a month. Earlier this year, Consensys hired a software consultant operating under the alias Tyler Knapp, who was later found to have ties to North Korea. The incident prompted Consensys to temporarily pause product releases and launch an internal investigation. Consensys General Counsel Matt Corva stated: "'Knapp' was introduced to the company via its partnership with a reputable third-party service provider, serving as a consultant (he was never a full-time Consensys employee). We detected this security threat shortly after his onboarding, immediately terminated all his access permissions in line with security protocols, and initiated a full investigation. The probe confirmed no assets or data were misappropriated, no malicious code was deployed, and there was no impact on user security or assets."

9 minutes ago

Kevin Kelly: If Token costs become critical in the future, China’s open-source models will hold a significant advantage.

Famous futurist and "Father of Silicon Valley Spirit" Kevin Kelly told media in an interview at the 2026 World Artificial Intelligence Conference that if the day comes when everyone starts paying attention to token costs, China’s AI will hold an advantage thanks to the existence of open-source models. Kelly noted that token consumption costs are growing increasingly important, though currently the industry seems not to prioritize them. “But I think when we are consuming such massive amounts of tokens all the time, people will start caring about [costs]. If you can offer costs that are one-tenth of Anthropic’s, that will disrupt the entire landscape.” However, Kelly also warned that open-source models require sufficient funding to sustain operations, as they are not as profitable as closed-source models. “Building these large models requires massive capital.”

9 minutes ago