Fed Chair Powell on China Evergrande, AI, Silicon Valley, and cybersecurity.
TLDR: – Federal Reserve Chair Jerome Powell expects a rate cut this year, despite a decline in inflation and near-record-high employment. – Powell discussed the threat of cyberattacks on the American banking system, emphasizing the need for constant investment in cybersecurity defenses. – The chairman addressed the failure of Silicon Valley Bank and the need … Read more Fed Chair Powell on China Evergrande, AI, Silicon Valley, and cybersecurity.