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

Binance Alpha Points Rule Update: Placeholder Tokens will be counted towards Alpha Balance Points

January 13 — Per an official statement, effective 8:00 AM on January 13, 2026, all receipt-type tokens for Binance Booster Earn (including tETH, miBNB, maUSDT, zkUSDT, bwUSDT) — plus those from upcoming Booster Earn campaigns — will count toward users’ Binance Alpha Balance Points.

1 seconds ago

Thai Prime Minister Orders Tightening of Gold Trading and Digital Asset-Related Regulations

**January 13 – Thailand’s Prime Minister Anutin Charnvirakul has officially launched a sweeping operation targeting “grey money” and illegal fund flows, per *The Nation Thailand*. The initiative includes stricter regulations on gold trading and digital assets.** **In the digital asset space, the government will strictly enforce the Travel Rule—mandating verified sender and receiver identities for all wallet-to-wallet transfers to eliminate anonymity.** **Additionally, Thailand will establish a National Data Bureau to centralize financial data, enabling regulatory bodies to track suspicious transactions in real time.**

1 seconds ago

The Nigerian government has passed a new tax law that allows for the traceability of cryptocurrency transactions and their inclusion in the tax declaration system.

On January 13, TechCabal reported that Nigeria’s government will link cryptocurrency transactions to real identities via a new tax law, using Tax Identification Numbers (TINs) and National Identity Numbers (NINs). This allows crypto transactions to be traced and integrated into the tax reporting system without compromising the underlying blockchain. Virtual Asset Service Providers (VASPs) are required to collect and report customers’ TINs/NINs, names, addresses, and other details. They must submit mandatory monthly transaction reports to tax authorities, and notify law enforcement of large or suspicious transactions.

1 seconds ago

pump.fun Transfers ICO's $148 Million Value to Kraken Again

On January 13th, Chainalysis data shows pump.fun transferred 148 million USDC and USDT (acquired via PUMP’s ICO sale) to Kraken again 1 hour ago. Since November 15th, the platform has sent a total of 753 million USDC and USDT (from the June 2025 PUMP ICO) to Kraken over the past two months.

1 seconds ago

New York City former Mayor Eric Adams launches "NYC Token," which quickly surged and then retraced after the initial spike

Per Fortune, ex-New York City Mayor Eric Adams announced the launch of a cryptocurrency called “NYC Token” following his departure from office, noting the project’s goal is to raise funds to fight anti-Semitism, anti-American sentiment, and expand blockchain education for kids. Adams unveiled the token publicly in Times Square but didn’t disclose partners, an issuance date, how funds will be used, or specific token mechanics—only noting regular New Yorkers can invest in it. During his term, Adams was a vocal supporter of the crypto industry but faced heavy controversy over ethics and conflict-of-interest issues. New York’s new mayor, Zohran Mamdani, has explicitly stated he won’t buy the token. **Per Eric Adams’ X account, the NYC Token reportedly launched on the Solana network roughly an hour ago—its market cap briefly spiked to $200 million before quickly falling back to $93.98 million.** BlockBeats is warning users the token’s authenticity remains unconfirmed, celebrity-bac

1 seconds ago

Nikkei 225 Index Opens Up 3.15%, Hits All-Time High

Jan 13: Nikkei 225 Index’s gain widens to 3.15% to 53,577.77 points, per Bitget market data.

1 seconds ago