Federal Reserve System | ForkLog

ForkLog 21 05.05.2022

Fed shocks markets. Bitcoin climbs above $40,000

The Fed, after its May 4–5 meeting, raised the target range for the federal funds rate by 50 basis points to 0.75% to 1.00% per year. At the press conference, Fed Chair Jerome Powell ruled out increasing the pace of policy tightening going forward.

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ForkLog 9 18.04.2022

Biden nominates former Ripple adviser for vice chair role at the Federal Reserve

U.S. President Joe Biden has proposed the candidacy of former Ripple adviser Michael Barr for the position of vice chair for supervision of the Federal Reserve.

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ForkLog 5 14.04.2022

Fed weighs feasibility of a digital dollar

The Fed is examining the potential risks and benefits of a national digital currency (CBDC) through research and experimentation. A final decision on issuance has not been made.

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ForkLog 12 28.03.2022

Fed official calls blockchain overhyped

Blockchain is completely overhyped, and some research on CBDCs resembles advertising clips. This was stated by Fed Governor Chris Waller during a virtual seminar on national digital currencies.

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ForkLog 16 17.03.2022

Fed raises rates for first time since 2018; Bitcoin and S&P 500 rise

Following the March 16-17 meeting, the Fed raised the policy rate for the first time since December 2018 by 25 basis points to 0.25-0.50%. By year-end it could reach 1.9% due to inflation running at a 40-year high, according to Fed projections.

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ForkLog 9 21.02.2022

Fed bans senior officials from trading cryptocurrencies

The U.S. Federal Reserve included cryptocurrencies in rules prohibiting certain officials from trading financial assets.

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ForkLog 20 18.02.2022

Senator Lummis urges the Fed to buy Bitcoin

Wyoming Senator Cynthia Lummis, representing the U.S. Senate, called it a "good idea" for the Fed to buy Bitcoin. She said this during a discussion organised by the Orrin G. Hatch Foundation.

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ForkLog 22 18.02.2022

Pantera Capital CEO says cryptocurrencies are the best asset for preserving wealth

Digital assets will become the 'best place' to preserve capital after the Federal Reserve's rate-hiking cycle ends. This was stated by Dan Morehead, founder and CEO of Pantera Capital.

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ForkLog 10 17.02.2022

Fed flags crypto risks in January meeting minutes

Some participants in the Federal Open Market Committee noted rising risks to financial stability linked to the popularisation of crypto assets and DeFi platforms. As noted in the Fed minutes for the January 25–26 meeting.

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ForkLog 6 13.01.2022

US lawmakers propose banning the Fed from opening retail accounts for a CBDC

Representative Tom Emmer introduced a bill prohibiting the Fed from offering a central bank digital currency directly to individuals.

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ForkLog 13 12.01.2022

Powell pledges to publish CBDC report in coming weeks

Fed's CBDC study report will appear in the coming weeks, Powell said during Senate hearings on his renomination.

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ForkLog 7 11.01.2022

Opinion: Kazakhstan’s internet shutdown overhyped as Bitcoin price driver

The drop in Bitcoin from January 5 to 7 has been wrongly linked to the shutdown of mining farms in Kazakhstan due to the internet outage. Arcane Research analysts share this view.

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