Mary Daly
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Fed's Daly says AI is not for now driving inflation up or down
Fed's Daly says AI is not for now driving inflation up or down June 4 : San Francisco Federal Reserve President Mary Daly on Thursday said that while she believes AI over a five- to 10-year window could be a deflationary force, the effect is "not a pressing issue" for monetary policy which operates on a 12-month horizon. Daly, at a Bloomberg Tech event in San Francisco, also said she also does not think that AI is behind the current rise in inflation, which being driven by higher tariffs...
Scientists mapped every neural connection in a fruit fly and found a surprise
Scientists mapped every neural connection in a fruit fly and found a surprise Scientists have completed the first full brain-to-body wiring map of a fruit fly, revealing that behavior may be driven more by local neural teamwork than by a central brain command center. - Date: - June 10, 2026 - Source: - Harvard Medical School - Summary: - A groundbreaking new connectome maps every neural connection in an adult fruit fly’s central nervous system, creating an unprecedented view of how the brain...
Trading Day: War clouds and tech wobbles
Trading Day: War clouds and tech wobbles ORLANDO, Florida, June 3 : Escalating tensions in the Middle East and a wave of profit-taking in AI and tech shares cast a long shadow over markets on Wednesday, depressing the price of stocks and bonds while lifting the dollar and oil. In my column today, I look at why Japan may be "in the money" from its FX interventions. This runs counter to the view that the yen's slide back to previous intervention levels means Tokyo's efforts to support its...