Feds Moussallem: US fiscal deficit could become a financial stability issue
Odaily News Feds Musallem said that the US fiscal deficit is on an unsustainable path. It may become a financial stability issue in the future. The current economic situation is good, and the labor market is at or close to full employment. There are still some upside risks to inflation, but monetary policy is currently moderately restrictive and the financial environment is more conducive to economic growth. Some positive trends in inflation have been observed recently, but due to the impact of tariffs, the inflation outlook is expected to rise in the future. But it is not yet certain whether tariffs will have a more lasting impact. High profit margins provide companies with room to absorb some of the impact of tariffs, and the depreciation of the US dollar may further drive inflation. Musallem pointed out that the specific impact of tariffs may not be fully apparent until later this year or early next year. (Jinshi)
You may also like

Galaxy Deep Dive: Is the Bitcoin Four-Year Cycle Still Valid?

Value Distribution of Stablecoins

On the day of SpaceX's IPO, the first real test of the three perpetual mechanisms

Claude enforces "facial recognition for household registration," starting in July, no ID card means no access?

After 18 years, blockchain has finally started to head towards the main channel

SpaceX IPO, Nvidia, and Bitcoin: Why Traders Are Watching More Than Just Crypto in 2026

Paul Graham: How to Make a Billion Dollars

If the AI bubble has already burst, who will truly remain?

Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...

What is the connection between Huang Zheng of Pinduoduo and blockchain?

The other side of Musk's trillion-dollar fortune: 85% cannot be sold

The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus

a16z Crypto Partner: Cash flow is the moat

Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money

