A surprising number of economists have recently said that they believe high rates drive inflation. This is scary for two reasons. The first reason is that the people in charge may be wrong about one o...
Tag: central bank
Russia’s Central Bank promotes crypto as means of internationalizing embattled economy
The Central Bank of Russia is working on integrating crypto assets into the local financial system. The CBR released a report on digital assets, focusing on integrating them into financial systems. Ma...
Here are all of the Biden administration’s crypto reports
A trio of reports released Friday morning by the Biden administration represent a key step in the federal government’s efforts to lay out a comprehensive approach for American crypto policy and ...
Brazil’s central bank picks Itaú DeFi project among new innovation proposals
Brazil’s central bank picked proposals for eight new projects to advance through its innovation lab, including a decentralized finance (DeFi) liquidity pool from Itaú Unibanco, the country’...
Federal Reserve’s FedNow payments system will be live within a year, says Brainard
The Federal Reserve is getting closer to delivering its much-anticipated instant payments system, FedNow. In a virtual speech on August 29, Fed Vice Chair Lael Brainard announced: “We will be r...
Taliban cracks down on crypto a year after seizing control in Afghanistan: Bloomberg
The Taliban are clamping down on cryptocurrency traders in Afghanistan, according to a report from Bloomberg. A senior Afghan police officer, Sayed Shah Sa’adaat, spoke with Bloomberg about th...
Central Bank Hawkishness Hasn’t Faded Yet Despite Lower Inflation
Fed Chairman Jerome Powell. More interest rate hikes to curb inflation. As it is now, anyone who got … [+] a 5% raise last year has last it all, and then some. (Photo by Scott Olson/Getty Images...
Banks should notify Reserve Board before engaging in crypto activity
The Federal Reserve Board released new information for banking organizations that want to engage in crypto-asset activities on Tuesday. Board-supervised banks should notify the board before engaging ...
Australian central banker says privately issued, regulated digital currencies may have benefits: Reuters
Consumer-focused digital tokens issued by private companies may be better than central bank-issued tokens if they can be properly regulated, Australia’s central bank chief said today in a panel discus...
Where Central Banks Have Issued Digital Currencies [Infographic]
Cryptocurrencies have seen better days. The Russian invasion of Ukraine has shattered the belief in BitcoinBTC as a safe-haven asset, and the digital currency hit a price of around $18,000 per Bitcoin...
What The Fed Rate Hike Means For The Markets And Investors
Federal Reserve Chairman Jerome Powell Getty Images The Federal Reserve announced this week that it’s raising rates by 50 basis points. The Fed raised its main interest rate by half a percentage point...
Sanctions Will Weigh Heavily
Vladimir Putin. (Photo by Sasha Mordovets/Getty Images) Getty Images Russian aggression has called forth a powerful reaction from the United States and its allies. Many on both sides of the Atlantic a...
Why The US Is Taking So Long To Build A Digital Dollar
conceptual finance image of American one hundred dollar bill and binary code of one and zero getty What Happened On January 20th 2022, the US Federal Reserve Board released its initial concept paper f...
Is the Dollar in Danger?
The U.S. is sitting on top of a horizontal empire, capitalism’s self-organizing, incentive-based structure with its layers of value. It’s not the Marxist mush of “to each according to his needs.” You ...