Xbox CEO Joins Fed AI Jobs Task Force Days After Announcing 3,200 Layoffs
Asha Sharma will advise the Federal Reserve on AI’s impact on jobs and productivity as Xbox undergoes the biggest restructuring in its history.
BitcoinEthereumNews·
The post Federal Reserve Taps A16z Co-Founder for Monetary Policy Task Force appeared on BitcoinEthereumNews.com. The US Federal Reserve named Andreessen Horowitz (a16z) co-founder Marc Andreessen to help lead a task force studying how artificial intelligence and other new technologies could affect productivity and jobs. Andreessen will serve on the Fed’s Productivity and Jobs task force alongside Charles I. Jones, a Stanford University economics professor currently on leave at Anthropic, and Asha Sharma, Microsoft’s executive vice president and Xbox CEO. The new task force will assess how general-purpose technologies such as AI will affect employment and productivity to better inform the central bank’s policymaking, the Fed said in a Thursday press release. The group is one of five task forces launched under new Fed Chair Kevin Warsh, each responsible for examining important areas of monetary policy conduct. The other task forces will focus on the Fed’s policy communication, balance s
Read full articleAsha Sharma will advise the Federal Reserve on AI’s impact on jobs and productivity as Xbox undergoes the biggest restructuring in its history.
SAN FRANCISCO and ALISO VIEJO, Calif., July 10, 2026 — UST, a leading AI and technology transformation solutions company, has announced a strategic alliance with Anthropic, the AI safety and […] The post UST Partners with Anthropic to Bring Claude to Engineering and Enterprise Operations appeared first on AIwire.
The post Circle Wins OCC Approval for Nationwide USDC Reserve Trust Bank appeared on BitcoinEthereumNews.com. Key Takeaways: The Office of the Comptroller of the Currency (OCC) has issued its final approval of a national trust bank founded by Circle. Circle can hold its stablecoins on the Federal Reserve’s books from now on. In the Federal Charter, the provision is added to the legal regulation of stablecoins, which puts the stablecoin issuer under direct control of national banking regulators. Final pledges by the U.S. Office of the Comptroller of the Currency clear the way for Circle to launch a national trust bank. This is the stablecoin issuer’s lengthy process of evaluation completed. The approval places the firm in the category of a financial institution chartered by the federal government and makes it no longer a state-regulated money transmitter. Circle’s main business systems are going to be deployed in the federal banking system. At the time of writing, USDC is the second (by
The Fed's engagement with tech leaders like Andreessen may signal a shift towards integrating AI insights into future monetary policy strategies. The post US Federal Reserve appoints Marc Andreessen to co-lead AI task force appeared first on Crypto Briefing.
Every AI headline in 2026, from frontier model launches to boardroom debates about agentic workflows, gets filed under the same catch-all word: AI. That flattening obscures a distinction that matters enormously for anyone trying to separate real capability from hype. Artificial intelligence is not one thing. It is a three-tier hierarchy, and almost everything currently […]
The post Federal Reserve: Monetary policy report cites “high inflation” due to tariffs appeared on BitcoinEthereumNews.com. The Federal Reserve (Fed) released its monetary policy report on Friday , in which the US central bank acknowledged that inflation remains elevated and that the labor market is broadly stable, a signal that the price stability goal hasn’t been achieved. The report noted that inflation rose further in the spring, indicating that economic activity is expanding solidly despite uncertainty sparked by the war in Iran. M2 money supply growth rates “were moderate and broadly similar to the pace typically observed during the 2010s.” Credit conditions for small businesses and households remained tight, according to the Fed, and Q1 2026 growth was boosted by investment in high tech and government spending. The Fed said that the housing market is stagnant, that the financial system remained sound and resilient, and that asset valuations in stocks, corporate debt, residential
The post Silver edges lower as Fed hike bets weight ahead US CPI data appeared on BitcoinEthereumNews.com. Silver (XAG/USD) trades slightly lower on Friday, hovering around $59.90 at the time of writing, down a modest 0.08% on the day. The white metal is struggling to extend its rebound as renewed tensions in the Middle East fuel concerns about persistent inflation, reinforcing expectations that the Federal Reserve (Fed) could raise interest rates. The resumption of hostilities between the United States (US) and Iran has revived concerns over energy supplies, lifting Oil prices and strengthening expectations of persistent inflation. This backdrop keeps expectations for monetary tightening alive and weighs on non-yielding assets such as Silver. According to the CME FedWatch tool, markets are now pricing in a high chance of at least one interest rate hike before the end of the year. This outlook is also supporting the US Dollar (USD), whose rebound is limiting the appeal of USD-denominat
The Fed's inflation stance signals tighter financial conditions, impacting crypto markets and potentially reshaping monetary policy dynamics. The post Federal Reserve holds rates steady as Bitcoin jumps past $60K on Warsh’s inflation comments appeared first on Crypto Briefing.