INTEL: Powell press summary
-Implications of Middle East are uncertain
-There will be some effects on inflation coming forward
-Progress on tariffs inflation should be seen by middle of the year
-If we don't see inflation progress, won't see rate cut
-Would serve as chair pro-tem until successor confirmed, no intention of leaving Fed board until DOJ probe is over
-What happens in Middle East will be a big factor
-Energy shock may or may not make big imprint on economy
-Haven't started to see productivity effects from AI; recent productivity trend not because of AI
-Data center buildout probably is pushing inflation up
-Standard to look through an energy-price spike, but the context is important
-Economics effect could be bigger, they could be smaller, they could be much smaller or much bigger, we just don't know
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-Implications of Middle East are uncertain
-There will be some effects on inflation coming forward
-Progress on tariffs inflation should be seen by middle of the year
-If we don't see inflation progress, won't see rate cut
-Would serve as chair pro-tem until successor confirmed, no intention of leaving Fed board until DOJ probe is over
-What happens in Middle East will be a big factor
-Energy shock may or may not make big imprint on economy
-Haven't started to see productivity effects from AI; recent productivity trend not because of AI
-Data center buildout probably is pushing inflation up
-Standard to look through an energy-price spike, but the context is important
-Economics effect could be bigger, they could be smaller, they could be much smaller or much bigger, we just don't know
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INTEL: US registers aliens(.)gov domain ahead of expected disclosure of information related to UFOs
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INTEL: China has bought gold for 16 straight months, taking reserves to a record 2,309 tons worth about $371 billion
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INTEL: Bessent says the US may consider another Strategic Petroleum Reserve release to help keep oil prices down, despite reserves near record lows
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INTEL: US jobless claims fell to 205,000 for the week ending March 14, below the 215,000 estimate
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INTEL: SEC CHAIR PAUL ATKINS SAYS "CRYPTO MARKETS AND THE MILLIONS OF AMERICANS WHO PARTICIPATE IN THEM DESERVE LONG-OVERDUE CLARITY."
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INTEL: SEC CHAIR PAUL ATKINS SAYS "CRYPTO MARKETS AND THE MILLIONS OF AMERICANS WHO PARTICIPATE IN THEM DESERVE LONG-OVERDUE CLARITY."
INTEL: Super Micro co-founder Wally Liaw was arrested on charges of smuggling $2.5 billion in Nvidia servers to China
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INTEL: FBI and Thai police seized 8,000 phones and froze $580 million in crypto in a crackdown on scam compounds targeting Americans
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INTEL: Trump is weighing a Kharg Island blockade or seizure to reopen the Strait of Hormuz, with 7,500 Marines moving toward the Gulf
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INTEL: Iran says it has reliable information the US and Israel want a 48-hour ceasefire to buy time
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INTEL: Senators and the White House agreed in principle on the crypto market-structure bill, with stablecoin interest limits and an April vote next
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INTEL: Trumpβs team is shaping Iran peace talks that would reopen Hormuz and pause Iranβs missile program for five years
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INTEL: The US sent Iran 6 conditions for peace through Egypt, Qatar, and the UK
1. Renunciation of the missile program for five years
2. Complete cessation of uranium enrichment (with zero levels)
3. Decommissioning of the bombed reactors at Natanz, Isfahan, and Fordow
4. Strict external supervision of centrifuges and nuclear facilities
5. Regional arms control agreements, limiting the number of missiles to no more than 1000 units
6. Complete cessation of funding for puppet groups - Hezbollah, Houthis, and Hamas
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1. Renunciation of the missile program for five years
2. Complete cessation of uranium enrichment (with zero levels)
3. Decommissioning of the bombed reactors at Natanz, Isfahan, and Fordow
4. Strict external supervision of centrifuges and nuclear facilities
5. Regional arms control agreements, limiting the number of missiles to no more than 1000 units
6. Complete cessation of funding for puppet groups - Hezbollah, Houthis, and Hamas
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