A U.S. lawmaker has introduced a bill in Congress to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. “It is important to note that the Fed doe...
Tag: Fed
Fed Chair Jerome Powell Says Full Report on Digital Currencies To Be Released in Coming Weeks
U.S. Federal Reserve chair Jerome Powell says that the government’s report on digital currencies, which was supposed to be released last year, will come out in the next few weeks. In July, Powell said...
Fed Chair Jerome Powell Argues private stablecoins can co-exist with US CBDC
On Jan. 11, Federal Reserve Chair Jerome Powell told Senate legislators that nothing prevents privately issued stablecoins from coexisting with a prospective Fed central bank digital currency (CBDC). ...
U.S. Congressman Urges Fed Not to Issue CBDC for Individuals
Minnesota Congressman Tom Emmer has introduced a bill prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC) to individuals. The pro-crypto politician does not want the Am...
Dollar Up, U.S. Inflation Likely to Have Minimal Impact on Fed Policy
The United States Dollar(USD) showed upward momentum in the market on Thursday. Especially in the Asian market, the greenback currency has climbed back up after plunging into new depths. The federal p...
Powell Says Private Coins Could Compete With Fed Digital Dollar
MarketWatch 5 different types of financial planners, and which one might be right for you According to 2020 data from the U.S. Bureau of Labor Statistics, there are more than 218,000 personal financia...
US Lawmaker Sets Out To Stop Fed From Directly Issuing CBDC, Here’s His Reason
On Wednesday, US lawmaker Tom Emmer announced he’s proposing a bill that will stop the Federal Reserve from issuing the central bank digital currency (CBDC) directly to American individuals. The Fed M...
Fed Chair Jerome Powell Set to Release Digital Currency Report
Jerome Powell has assured members of the United States Congress that the highly anticipated report on digital currencies will finally be released in the coming weeks. The Federal Reserve has yet to de...
Stablecoins Could Coexist With CBDCs, Says Fed Chairman
Privately issued stablecoins could exist alongside a potential central bank digital currency, according to Federal Reserve Chair Jerome Powell. Powell spoke at a Senate Banking Committee hearing ear...
US Fed Reserve chair Jerome Powell changes his stance on stablecoins
The chair of the US Federal Reserve, Jerome Powell, has shared several sentiments regarding the crypto space, hinting that a clear crypto regulatory framework for the US could soon be unveiled. During...
Fed has to be ‘far more aggressive…than the Street thinks,’ says academic who called Dow 20,000: ‘This is too much money chasing too few goods’
Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton School of Business, on Wednesday sounded sanguine about the equity market, even as he conceded that inflation is likely ...
Bill Seeks to Ban Fed From Issuing Digital Currency to Consumers
In brief A proposed law would bar the Fed from giving CBDC accounts to consumers. The bill’s sponsor Rep Tom Emmer says CBDCs pose a threat to privacy. Rep. Tom Emmer (R-MN) proposed a law on We...
Inflation Spiked Another 7% In December—Hitting New 39-Year High As Fed’s Price Concerns Rattle Markets
Topline Consumer prices rose 7% in the 12 months ending in December, according to data released Friday by the Labor Department, ticking up only slightly after a massive surge in recent months but stil...
UBS says the Fed is behind the curve in shrinking the balance sheet
The Federal Reserve is behind the curve when it comes to shrinking the balance sheet, according to UBS Global Wealth Management’s Kelvin Tay. Fed Chairman Jerome Powell said Tuesday that he exp...
Fed Chair Says A US CBDC And Stablecoins Could Coexist
Jerome Powell – chairman of the Federal Reserve – appears to have reversed one of his previous positions on the relationship between CBDCs and stablecoins. Testifying in front of the US congress, he s...
Fed Chair Promises CBDC Report “Within Weeks”
Key Takeaways Jerome Powell stated in his renomination hearing today that the Federal Reserve’s CBDC report was forthcoming within weeks. Powell faced skepticism toward stablecoins and cryptocur...
Fed crypto report out in coming weeks says Powell
During today’s renomination testimony in front of the Senate Banking Committee, Jay Powell, the re-elected chair of the Federal Reserve, said that the crypto report is ready, and will be published in ...
Fed chair and US senator agree on core principles — and limits — for a potential digital dollar
Senator Pat Toomey is adamant on establishing limits on a potential central bank digital currency, though he has not yet ruled out supporting one. CBDCs were a hot topic during a hearing before the Se...
Fed Vice Chair Clarida to step down early following scrutiny over his trades during pandemic
Federal Reserve Vice Chairman Richard Clarida said Monday he will be leaving his post with just a few weeks left on his term and amid revelations regarding his trading of stock funds. In an announceme...
Fed Chair Defends Blocking Wyoming Crypto Banks, Including Kraken
In brief Senator Lummis accused the Fed of unfairly shutting out Wyoming crypto banks Fed Chair Powell said there are “good arguments” to include the Wyoming banks But Powell also defended...
Fed Chair Powell says rate hikes, tighter policy will be needed to control inflation
U.S. Federal Reserve Board Chairman Jerome Powell speaks during his re-nominations hearing of the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington, U.S., January 11, ...
FED, Powell’s hearing makes Wall Street volatile
FED Chairman Jerome Powell today took centre stage in a hearing before the US Congress to reappoint his leadership at the Federal Reserve. As he spoke, the Wall Street session became quite volatile. ...
US lawmaker hints at upcoming crypto legislation as Jerome Powell says Fed will release report on digital currency soon
At his confirmation hearing in front of members of the Senate Banking Committee, Federal Reserve chair Jerome Powell said the agency would be releasing its report on cryptocurrencies “within weeks.” A...
Powell says delayed Fed report on digital currencies will be released ‘within weeks’
advertisement Chairman of the Federal Reserve Jerome Powell has assured Congress that the Fed’s much-anticipated report on cryptocurrencies will be out “within weeks.” Powell’s...
Fed Nimble on Policy Says Powell – Trustnodes
Fed chair Jerome Powell said Fed is “willing to adapt pretty nimbly on policy as we go through the year” at a confirmation hearing in front of the Senate. He said steps will be taken towards normaliza...
Powell Says Fed Report on Crypto, Central Bank Digital Currency Is ‘Ready to Go’
The Federal Reserve’s much-anticipated crypto report is “ready to go” and will come out “in the coming weeks,” according to Fed Chair Jay Powell. The remarks came during ...
Watch Fed Chair Jerome Powell testify live at his Senate confirmation hearing
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell testifies Tuesday before the Senate Banking...
Bitcoin (BTC) Recovers from sub-$40,000 ahead of FED Chair Powell Testimony
It was a particularly choppy day for Bitcoin (BTC) and the broader crypto market on Monday. Following last week’s heavy losses, market jitters ahead of key events in the week ahead continued to weigh....
Powell Says Fed to Ensure Inflation Doesn’t Take Root in Economy
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Federal Reserve Chair Jerome Powell said the central bank ...
Bitcoin Drops to $40,600 Over New Goldman Sachs Expectations About Fed Interest Rates
Yuri Molchan Bitcoin has dropped to the $40,600 area as Goldman Sachs announced its expectations about higher Fed interest rates this year The Bitcoin price has dipped to the $40,600 level on the Krak...
Stocks Rally After Powell Says Fed Not Afraid To Raise Rates Further If Higher Inflation Persists
Topline The stock market jumped—erasing earlier losses—after Federal Reserve Chairman Jerome Powell pledged in testimony before the Senate on Tuesday that the central bank wouldn’t hesitate to raise i...