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01:12
Tillis: No Confirmation of Federal Reserve Nominees Until Powell Legal Case is Resolved
ChainCatcher News, according to Golden Ten Data, U.S. Republican Senator Tillis stated that no Federal Reserve nominee, including the Chair, will be confirmed until Powell's legal case is resolved.
01:12
Goldman Sachs predicts: US economy will grow, inflation will be moderate and under control; the Federal Reserve may cut interest rates twice.
Goldman Sachs economists point out that tax cuts, rising real wages, and increased household wealth will drive the growth of the U.S. economy this year, while inflation levels are expected to ease. In the "2026 U.S. Economic Outlook Report" released on January 11 local time, Goldman Sachs mentioned that given the increased uncertainty in the labor market outlook, the Federal Reserve is expected to implement two more rate cuts in June and September, each by 25 basis points. Goldman Sachs' specific economic forecasts are as follows: U.S. GDP growth rate in 2026: 2.5% quarter-on-quarter in the fourth quarter, and 2.8% year-on-year for the full year. Inflation indicators: As of December, the year-on-year growth rate of the core Personal Consumption Expenditures (PCE) price index will fall to 2.1%, and the year-on-year growth rate of the core Consumer Price Index (CPI) will slow to 2%. Unemployment rate: The baseline forecast is that the unemployment rate will remain stable at 4.5%, but there is a risk of "no employment growth" — companies may use artificial intelligence technology to reduce labor costs.
01:08
Opinion: Powell's Confirmation Hearing Further Undermines Fed's Public Trust, Successor Must Lead Necessary Reforms
BlockBeats News, January 12, Allianz's Chief Economic Advisor Mohamed El-Erian commented on the investigation of Federal Reserve Chairman Powell, saying: The current situation may expose deeper issues, further weakening the already fragile public trust in the Fed. What is urgently needed now is for the incoming Chairman to be committed to implementing necessary reforms to restore the effective operation of the world's most influential central bank. (FX678)
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