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Federal Reserve Governor Milan: In certain crisis situations, it is reasonable for the Federal Reserve to purchase mortgage-backed securities.Federal Reserve Governor Milan: The persistently large size of the Federal Reserves balance sheet can indeed distort market outcomes, such as affecting the maturity structure of privately held securities.1. The US weather forecasting agency CPC stated that current ocean and atmospheric observations indicate the transition from La Niña to a neutral ENSO state is now complete. A transition from a neutral ENSO state to an El Niño state is expected between May and July 2026 (61% probability), and this state is expected to last at least until the end of this year. 2. According to an Israeli Defense Forces (IDF) official, the IDF is prepared to reach a ceasefire agreement with Lebanon. The official stated that senior IDF commanders have been instructed to prepare troops currently deployed in southern Lebanon for a ceasefire. They have been informed that the ceasefire will begin between 7 PM and midnight local time on the 16th. 3. The Brazilian Vegetable Oil Industry Association (Abiove) predicts that soybean production in 2025/26 will reach a record high of 177.85 million tons, unchanged from last months forecast. Soybean exports in 2026 are projected at 113.6 million tons, an upward revision from the previous forecast of 111.5 million tons. 4. According to CCTV, on April 16 local time, US Defense Secretary Hergsays said at a press conference that the US Treasury Department is launching an operation codenamed "Economic Fury" to "exert maximum economic pressure on Iran." 5. The number of initial jobless claims in the US fell last week, indicating that the labor market remains stable, although employers are cautious about hiring new employees as the Middle East conflict casts a shadow over the economy. The latest data shows that initial jobless claims in the US for the week ending April 11 fell by 11,000 to 207,000, lower than the market expectation of 215,000. 6. According to the US Department of Agriculture, for the week ending April 9, US net soybean export sales for the 2025/2026 marketing year were 247,900 tons, a new annual low, down 16% from the previous week and down 39% from the four-week average. The main increases came from Egypt (58,100 tons), Costa Rica (50,800 tons), and Indonesia (50,700 tons). 7. U.S. Defense Secretary Hergsays stated at a Pentagon press conference on Thursday that U.S. troops stationed in the Middle East are prepared to resume combat operations if Iran does not agree to a peace agreement. 8. EIA Natural Gas Report: As of the week ending April 10, total U.S. natural gas inventories stood at 1.97 trillion cubic feet, an increase of 59 billion cubic feet from the previous week and 126 billion cubic feet from the same period last year, representing a year-on-year increase of 6.8%. This is also 108 billion cubic feet higher than the 5-year average, representing a 5.8% increase.Federal Reserve Governor Milan: Under the current framework, the Fed must expand its balance sheet, but prefers to take measures to reduce reserve requirements so that the balance sheet can shrink further.Federal Reserve Governor Milan: Artificial intelligence is beginning to impact the U.S. labor market.

New FTX chief says bankrupt crypto exchange could restart

Skylar Shaw

Jan 20, 2023 11:43

According to Chief Executive Officer John Ray, the bankrupt cryptocurrency exchange FTX is considering ways to resurrect its operations. He made the announcement to the Wall Street Journal on Thursday.


According to Ray, who took over the company's leadership in November, a task group has been established to look at reviving FTX.com, the organization's primary international exchange.


The CEO also said in an interview with the Journal that he would research if resurrecting FTX's international exchange would generate more value for the company's clients than his team could get by simply selling the platform or liquidating its assets.


Following the news, FTT, the native token of FTX, increased by around 30%.


I'm relieved Mr. Ray is now only pledging to restart the exchange after months of blocking such attempts! Sam Bankman-Fried, the founder and former CEO of FTX, said in a tweet.


Bankman-Fried said, "I'm still waiting for him to eventually acknowledge FTX US is solvent and return clients' money.


An inquiry for comment from Reuters was not immediately answered by an attorney representing FTX.


Bankman-Fried is accused of robbing the exchange's users of billions of dollars to settle debts accrued by his cryptocurrency-focused hedge fund, Alameda Research. He's denied the allegations of fraud.


Customer money' future, however, is still unknown. In a note to creditors earlier this week, FTX said that since declaring bankruptcy in November, hackers had stolen nearly $415 million in cryptocurrency from its worldwide and American exchanges.