PANews reported on November 7th that, according to Jinshi Data, Cleveland Fed President Hamak, a voting member of the 2026 Federal Reserve meeting, stated on Thursday that persistently high inflation is not conducive to another Fed rate cut, and she is concerned that monetary policy may not be adequately prepared to address current inflation. Hamak stated that after last week's policy meeting, she believes monetary policy has virtually no constraints, and in her view, the reasons for further policy action are not immediately apparent. Hamak said the Fed continues to face inflationary pressures above its target, and the current monetary policy setting has virtually no restraining effect on economic growth. She opposed the Fed's decision to cut rates last week. Hamak acknowledged problems in the labor market but warned that the unemployment rate remains low. Federal Reserve Governor Milan said: "I want to reach the neutral rate in steps of 50 basis points; many of my colleagues want to adjust in steps of 25 basis points." Federal Reserve official Hamak stated that the boom in artificial intelligence may resemble the period of internet infrastructure development. Artificial intelligence is a structural economic transformation, not well-suited to be addressed through monetary policy. Federal Reserve Chairman Williams stated that massive U.S. investment in artificial intelligence is impacting global demand for capital. He added that artificial intelligence will present some challenges in the labor market.PANews reported on November 7th that, according to Jinshi Data, Cleveland Fed President Hamak, a voting member of the 2026 Federal Reserve meeting, stated on Thursday that persistently high inflation is not conducive to another Fed rate cut, and she is concerned that monetary policy may not be adequately prepared to address current inflation. Hamak stated that after last week's policy meeting, she believes monetary policy has virtually no constraints, and in her view, the reasons for further policy action are not immediately apparent. Hamak said the Fed continues to face inflationary pressures above its target, and the current monetary policy setting has virtually no restraining effect on economic growth. She opposed the Fed's decision to cut rates last week. Hamak acknowledged problems in the labor market but warned that the unemployment rate remains low. Federal Reserve Governor Milan said: "I want to reach the neutral rate in steps of 50 basis points; many of my colleagues want to adjust in steps of 25 basis points." Federal Reserve official Hamak stated that the boom in artificial intelligence may resemble the period of internet infrastructure development. Artificial intelligence is a structural economic transformation, not well-suited to be addressed through monetary policy. Federal Reserve Chairman Williams stated that massive U.S. investment in artificial intelligence is impacting global demand for capital. He added that artificial intelligence will present some challenges in the labor market.

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more