Federal Reserve System | ForkLog

ForkLog 20 03.11.2021

Fed announces tapering of emergency stimulus programme

The US Federal Reserve (the Fed) will begin winding down its asset purchases and cut the pace of purchases of government bonds by $10 billion and mortgage-backed securities by $5 billion.

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ForkLog 11 07.10.2021

The Fed sees cryptocurrencies as a threat to global dollar dominance

U.S. Federal Reserve officials framed digital currencies as one of the potential threats to the dollar's global dominance in the world financial system.

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ForkLog 24 30.09.2021

Jerome Powell: The Fed has no plan to ban cryptocurrencies

The Federal Reserve does not plan to ban cryptocurrencies, but some digital assets must be brought under regulatory oversight. This was stated by Fed Chair Jerome Powell during testimony before the U.S. House of Representatives' Committee on Financial Services.

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ForkLog 12 23.09.2021

Evergrande pays up on September 22, but authorities warn of a potential ‘storm’

The on-balance-sheet debt of Evergrande Group, which is on the brink of collapse and is estimated at about 2% of China’s GDP, paid interest on bonds to local investors. Beijing has urged local authorities to prepare for a potential 'storm', according to the Wall Street Journal.

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ForkLog 30 22.09.2021

Fed officials flag a modest rate-hike path as cryptocurrencies reclaim Tuesday’s highs

The median forecast for the federal funds rate at the end of 2023 was 1%, and for 2024 1.8%; votes for and against the first rate hike in 2022 were evenly split. These data are contained in the Fed's updated projections from the Federal Open Market Committee.

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ForkLog 6 03.09.2021

Vast Bank customers allowed to trade cryptocurrencies from FDIC-insured accounts

Vast Bank clients will be able to buy, sell and store cryptocurrencies in checking accounts insured by the FDIC. The financial institution was the first in the United States to receive such authorization from the Office of the Comptroller of the Currency within the U.S. Department of the Treasury (OCC) and the Federal Reserve System (the Fed).

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ForkLog 40 29.08.2021

Avanti, a crypto bank, applies for Federal Reserve membership

Avanti, the first cryptocurrency company to file for Federal Reserve member-bank status.

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ForkLog 15 19.08.2021

Fed says stablecoins threaten financial stability

Lack of transparency in stablecoins could threaten financial stability, officials from the U.S. Federal Reserve said at a meeting.

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ForkLog 8 18.08.2021

Minneapolis Fed president recalls link between Bitcoin and crime

Neel Kashkari, president of the Minneapolis Fed, criticized cryptocurrencies and questioned whether Bitcoin could serve Americans as an inflation hedge.

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ForkLog 14 06.08.2021

Fed governor doubts the advisability of issuing a digital dollar

The U.S. authorities should launch CBDC only in the event of a significant market disruption. This view was expressed by Federal Reserve Board member Chris Waller in an interview with the American Enterprise Institute.

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ForkLog 12 02.08.2021

Fed officials say the United States must win the CBDC race

FOMC member Lael Brainard said the United States must accelerate the development of the digital dollar without delay. Reuters reported.

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ForkLog 19 30.07.2021

US to weigh ban on certain stablecoins

The U.S. Treasury could ban certain stablecoins. The proposals are included in a House of Representatives bill to create a comprehensive regulatory framework for regulating the digital assets market.

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