Federal Reserve System | ForkLog

ForkLog 9 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.

AI translated

ForkLog 21 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.

AI translated

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).

AI translated

ForkLog 29 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.

AI translated

ForkLog 12 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.

AI translated

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.

AI translated

ForkLog 13 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.

AI translated

ForkLog 11 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.

AI translated

ForkLog 15 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.

AI translated

ForkLog 17 15.07.2021

Fed chair: the emergence of a digital dollar would dent Bitcoin’s popularity

Fed Chair Jerome Powell questioned the need for stablecoins and cryptocurrencies after the emergence of a digital version of the dollar. The remarks came during Q&A with House lawmakers following his testimony on the state of the economy.

AI translated

ForkLog 10 13.07.2021

Avanti CEO Caitlin Long criticises Fed stance on cryptocurrency firms

The U.S. Federal Reserve will make it harder for digital asset–related companies to access the payments system and bank accounts, according to Caitlin Long, founder and CEO of Avanti, a cryptocurrency bank.

AI translated

ForkLog 9 30.06.2021

Fed vice-chair urges not to fear stablecoins and questions the case for a CBDC

US authorities must find ways to integrate stablecoins into the financial system. With this statement, Randall Quarles, vice chair of the Federal Reserve System (Fed), spoke.

AI translated

#Federal Reserve System