The Global Economy Between Inflation Balance, the Rise of AI, and Monetary Policy Pressures
As inflation in the Eurozone returns to the European Central Bank’s target,
the world is witnessing deep transformations driven by artificial intelligence,
amid sharp criticism from Trump toward the U.S. Federal Reserve over interest rates.
Contents
Inflation
Eurozone Inflation Returns to ECB Target in June
Preliminary data released by Eurostat on Monday revealed that the annual inflation rate in the Eurozone rose to 2% in June,
marking a return to the European Central Bank’s target.
This reading is perfectly aligned with market expectations, following a 1.9% rise in May.
The data also showed that core inflation — which excludes food, energy, alcohol, and tobacco prices — registered an annual increase of 2.3%,
matching the previous month’s figure and market forecasts.
Amazon
Amazon CEO: AI Will Eliminate Some Jobs and Create Others
Andy Jassy, CEO of Amazon, confirmed that the rapid expansion of generative AI technologies will reduce the need for certain traditional roles,
as computers increasingly take over tasks previously performed by humans.
In an interview with CNBC, Jassy stated: “Every technological shift brings a change in the nature of jobs.
Some roles become obsolete as they’re automated by technology, but new roles also emerge in parallel.”
He added that Amazon will continue expanding and hiring, especially in the fields of AI,
robotics, and emerging technologies, highlighting that investment in these sectors remains a strategic priority for the company.
This comes at a time when the tech sector is undergoing major structural changes driven by AI’s rise,
raising growing questions about the future of human jobs in an increasingly automated world.
Trump
Trump Criticizes Fed Policy, Urges Rate Cuts to 1% or Lower
Former U.S. President Donald Trump launched a strong critique of the Federal Reserve,
calling for interest rates to be slashed to 1% or lower, arguing that the current policies place unnecessary burdens on the U.S. economy.
In a post on his Truth Social platform on Monday, Trump said the Fed, led by Jerome Powell,
“has not done its job properly,” adding: “Had the Fed done its job right, the U.S. would have saved trillions in interest costs.
We should be paying 1% interest or less.”
Trump’s remarks come amid intensifying debate over the future of U.S. monetary policy,
especially as markets await the Fed’s decisions in the second half of the year.
The Global Economy Between Inflation Balance