Federal Reserve Chairman Kevin Walsh: The Federal Reserve should avoid interference from fiscal policy

Federal Reserve Chairman Kevin Walsh stated that the economy is stable, financial markets are functioning well, the real estate market is uneven, and inflation rates are higher than the Fed's target level. The Federal Reserve can alleviate this problem by maintaining price stability. Federal Reserve Chairman Kevin Walsh stated that he is not afraid of growth driven by productivity gains and pointed out that the labor market has shown astonishing resilience. Federal Reserve Chairman Kevin Walsh stated that the Fed will simultaneously focus on price stability and full employment, and these two missions are not conflicting. The better the Fed does in controlling inflation, the more willing employers are to hire employees. Federal Reserve Chairman Kevin Walsh said that the Fed still has work to do on inflation issues.

Federal Reserve Chairman Kevin Walsh stated that the Fed will discuss reducing the frequency of issuing statements.

Bloomberg senior ETF analyst Eric Balchunas stated that the SPDR Gold Shares (GLD) gold ETF has seen an outflow of $15 billion since March 1st, which is about 50% higher than the cumulative outflow of all spot Bitcoin ETFs since their peak in October last year.

According to The Block, Benchmark has raised its target price for Bitcoin mining company Hut 8 from $85 to $165, citing the company's acceleration in commercializing its AI data center business and securing a $16.8 billion long-term contract for AI infrastructure. Analyst Mark Palmer stated that the commercialization of Hut 8's Beacon Point AI data center park in Texas has increased the project's value. The current stock price of Hut 8 is about $97. The Beacon Point Park Phase I supports 352MW of IT capacity, with a lease base value of approximately $9.8 billion and an expected annualized net operating income of approximately $655 million. The River Bend data center lease signed between Hut 8 and Fluidstack is valued at approximately $7 billion, with a total base term value of $16.8 billion. If the 5-year renewal option is exercised, the potential total value is $42.8 million.

Federal Reserve Chairman Kevin Walsh said that the Fed can start seriously considering when to purchase Treasury debt, and the balance sheet cannot return to 2006 levels.