Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

2025.02.05 08:40:15

On February 5th, Federal Reserve Governor Jefferson indicated that there is no urgency to expedite further interest rate cuts. Given the robust economy, a cautious response is deemed appropriate. (Xinhua News Agency)

Add to Favorites Download image Share x Copy link

Relevant content

Trust Wallet: Wallet should no longer be used due to a security vulnerability in Browser Extension version 2.68, first batch of compensation has been completed

January 15 update from Trust Wallet: On the security vulnerability in its Browser Extension (version 2.68), the team shared: - First batch of compensation complete for eligible users; remaining claims under batch review/processing. - **Do NOT use wallets affected by the v2.68 Browser Extension.** Critical steps for users: If you’re still using an affected wallet (Browser Extension or mobile app): 1. Update to the latest version immediately. 2. Move all funds to a new, secure wallet. 3. Stop using the old compromised wallet. A new "Asset Migration" feature is available to safely transfer funds from v2.68-affected Browser Extension wallets to secure wallets.

3 minutes ago

Bitmine announces $200 million investment in Beast Industries, owned by MrBeast

On January 15, Bitmine announced a $200 million investment in MrBeast’s Beast Industries.

3 minutes ago

Galaxy Launches Tokenized CLO on Avalanche, Secures Grove's $50 Million Allocation

January 15th — Galaxy has successfully completed the issuance of Galaxy CLO 2025-1, its first Collateralized Loan Obligation (CLO) designed to support its lending business. The CLO’s debt tranches were issued and tokenized on the Avalanche blockchain, with associated tokens now listed on the INX platform for trading by eligible investors. Galaxy’s initial tokenized CLO totals $75 million, with Grove providing a $50 million anchor tranche. This marks Grove’s latest tokenized Real World Asset (RWA) deployment on Avalanche, following its prior $250 million RWA investment on the network.

3 minutes ago

MilkyWay Protocol Announces Gradual Shutdown and Permanent Closure

On January 15, MilkyWay Protocol announced it is winding down operations gradually and will shut down permanently. The protocol cited three key factors: a mismatch between decentralized finance (DeFi) demand and adoption falling short of expectations, the delayed launch of its WayCard, and its failure to quickly ease financial pressures. MilkyWay’s revenue was primarily generated from liquidity staking fees, with the protocol retaining a 10% share. As part of its shutdown process, USDC will be distributed proportionally to eligible snapshot holders to refund accrued protocol fees to MILK token holders.

3 minutes ago

BNB Foundation Completes 34th Quarterly BNB Burn, Burning 1.277 Billion Worth of BNB