Federal Reserve Chairman Jerome Powell today said that the crypto space needs to be monitored closely because it is full of turmoil—but innovation in the world’s biggest economy should not be stifled....
Tag: Powell
Powell Left the Market a Bitter Pill, Let’s Check the Ingredients
Fed Chair Jerome Powell has concluded his testimony Tuesday in front of the Senate Banking Committee, giving the market a bitter pill to swallow. The market moved lower and the Cboe Volatility Index (...
Powell tells Congress rates will likely be ‘higher than previously anticipated’
Federal Reserve Chair Jerome Powell told lawmakers on Tuesday interest rates are likely to rise more than previously expected as the central bank works to bring down inflation, which remains stubbornl...
Dow Falls 500 Points As Fed Chair Powell Warns More Severe Rate Hikes On Deck
Topline Federal Reserve Chair Jerome Powell struck a more hawkish tune than expected during his semiannual report to Congress on Tuesday, saying the central bank will continue to up the temperature on...
Powell’s Hawkish Testimony Raises Prospect Of Larger March Hike
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking Committee hearing on … [+] Capitol Hill in Washington, Tuesday, March 7, 2023. (AP Photo/Andrew Harnik) Copyright 2023 Th...
Fed Triggers Bitcoin and Crypto Flash Crash As Jerome Powell Declares Rates Could Rise Higher Than Expected
Comments from US Federal Reserve Chairman Jerome Powell sent global markets and Bitcoin into a free fall on Tuesday. But so far, BTC has bounced back. In a U.S. Senate Banking, Housing, and Urban Affa...
Dow Falls 400 Points As Fed Chair Powell Warns More Severe Rate Hikes On Deck
Topline In a semiannual report to Congress beginning Tuesday at 10 a.m., Federal Reserve Chair Jerome Powell struck a more hawkish tune than expected, saying the central bank will continue to up the t...
Powell Warns Fed Could Get Aggressive With Rates Hikes Again
Key Takeaways Federal Reserve Chair Jerome Powell announced today the central bank was likely to raise interest rates higher than initially expected. He also indicated that rate hikes may come at a fa...
Crypto Whipsaws as Powell Talks to Congress
Bitcoin and ether lost as much as 1.7% and 1.5% as Federal Reserve Chair Jerome Powell appeared in the Senate, before paring losses. Risk assets took a hit Tuesday Morning as the central bank head tol...
Markets Watch Powell For Signs As Fed Chair Testifies Before Congress
Topline In a semiannual report to Congress beginning Tuesday at 10 a.m., Federal Reserve Chair Jerome Powell will offer a glimpse into how officials are thinking about the economy as they continue the...
Powell Testimony: DXY breaks 105, BTC down to 22k as support, new peak rate of 5.60% in futures market
Quick Take Powell spoke before the senate on March 7 Powell: New data suggests “the ultimate level of rates is likely to be higher than previously anticipated.” “If the totality of the data were...
Bitcoin Drops Below $22K as Powell Suggests Further Interest Rate Hikes
The US Federal Reserve said it’s preparing to increase the interest rates even more if the situation requires such drastic measures, said the organization’s Chairman Jerome Powell. Bitcoin reacted wit...
Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on February 01, 2023 in Washington, DC. Kevin Dietsch | Getty Images Federal...
Watch Fed Chair Jerome Powell speak live on Capitol Hill about interest rates and the economy
[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 will address the Senate Banking, Housing an...
BTC, ETH Stall Ahead of Powell Testimony – Market Updates Bitcoin News
Bitcoin remained in consolidation earlier in Tuesday’s session, as markets prepared for this afternoon’s testimony from Fed Chair Powell. The head of the U.S. Federal Reserve will be speaking in front...
U.S. stock futures inch higher ahead of Powell testimony
U.S. stock futures were a touch firmer on Tuesday, though trading was muted ahead of testimony by Federal Reserve Chairman Jerome Powell. How are stock-index futures trading S&P 500 futures ES00, ...
Silver price forecast ahead of Powell testimony, NFP data
Silver price is moving sideways this week as the market waits for cues from the Federal Reserve chair. It is also reacting to the ongoing political gathering in Beijing by the Communist Party. Silver ...
Will Powell Testimony Threaten Stock Market Rally? Apple, Tesla In Focus
Dow Jones futures were little changed ahead of Tuesday’s open after the Dow Jones Industrial Average cut gains to just 40 points Monday. Federal Reserve Chair Jerome Powell’s testimony is ...
Opinion: Powell will have to push rates even higher for the Fed to get inflation to 2%
Inflation is proving tougher to curb than Federal Reserve Chairman Powell anticipated, and despite indicators that a recession could be coming, consumers and businesses apparently haven’t gotten the m...
Dow Jones Fades Ahead Of Powell Testimony; Ferrari Overtakes Tesla As Leader; Apple Pops
The Dow Jones Industrial Average saw gains evaporate ahead of testimony from Fed Chair Jerome Powell. Ferrari (RACE) zoomed past Tesla (TSLA) to take the checkered flag as a top pick. Leaderboard stoc...
Powell Hearing To Wash Out Silvergate FUD?
Crypto News Today: After a relatively bullish first two months of the year 2023, the cryptocurrency market is currently exposed to FUD around the Silvergate crisis. Interestingly, the FUD around Silve...
Crypto prices flat, Silvergate declines ahead of Powell testimony
Crypto markets traded relatively flat as the market prepares for Federal Reserve Chair Jerome Powell’s Congressional testimony on Tuesday and the release of U.S. jobs data on Friday. Bitco...
Fed Chair Powell heads to Capitol Hill, and he’s got his hands full
U.S. Federal Reserve Chairman Jerome Powell testifies during the Senate Banking Committee hearing titled “The Semiannual Monetary Policy Report to the Congress”, in Washington, U.S., March...
Bitcoin, crypto prices tread water ahead of pivotal Powell testimony and US jobs data
Crypto markets were relatively flat to start the week ahead of Jerome Powell testimony and some significant economic indicators. Bitcoin was trading around $22,500 by 12:30 p.m. EST, up 0.3%, ac...
Crypto To Come Up During Powell Hearing, US Senator Confirms
Powell Hearing Today: US Senator Bill Hagerty said he will discuss cryptocurrencies along with the Fed’s interest rate plans at the hearing on The Semiannual Monetary Policy Report to the Congress. Fe...
U.S. stock futures retain Wall Street’s rally ahead of Powell testimony and jobs data
U.S. stock futures were steady early Monday, holding their latest rally ahead of testimony from Federal Reserve Chair Jerome Powell and crucial jobs data later in the week. How are stock-index futures...
Apple investor day, Powell testimony, jobs report top week ahead
It will be a busy week ahead for investors full of congressional hearings, big names and important earnings reports. The stock market is coming off a solid week with the Dow Jones Industrial Average a...
US Jobs Report and Powell Testimony Take Center Stage
(Bloomberg) — US job growth probably moderated last month after a blistering January pace, while the unemployment rate likely held at a 53-year low, illustrating a labor market that’s proved mos...
Here’s The Schedule For The Fed’s Upcoming Meetings And What To Expect
Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a … [+] Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Feb. 1, 202...
Crypto Dip With Early Comments Ahead Of Powell Speech Today
Powell Speech Today: In reaction to hawkish comments ahead of the Powell speech today, the Bitcoin price dipped by around 1.30% in the last one hour, according to CoinGape price tracker. Powell’s comm...