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What I Read This Week...

chamath.substack.com · 306 words · saved by 1 readers

The Fed keeps interest rates steady but Powell capitulates, the Supreme Court will decide on the use of a major abortion pill, and researchers leverage AI to test new cancer drugs

Watch All-In E157 Listen to my Spaces on the Energy Transition Caught my eye… Jerome Powell announced that the Federal Reserve is willing to cut interest rates in 2024 even if the U.S. economy doesn’t fall into a recession after members voted unanimously to hold interest rates constant, signaling that one of the most aggressive hiking cycles in the history of the Fed may be over. Powell’s comments align with individual Fed Open Market Committee (FOMC) members’ expectations, which signal three potential 25bps cuts in 2024, and four more in 2025. The Supreme Court announced that it would…

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