Powell says stablecoins are money and urges regulation
The U.S. Federal Reserve should participate in regulating stablecoins. This was stated by the head of the agency, Jerome Powell.Jerome Powell is the Chair of the Federal Reserve of the United States.
Powell says stablecoins are money and urges regulation
The U.S. Federal Reserve should participate in regulating stablecoins. This was stated by the head of the agency, Jerome Powell.
Powell’s testimony triggers volatility in crypto markets
The interview with the U.S. Federal Reserve chair Jerome Powell at the Economic Club of Washington sparked sharp swings in digital assets.
Fed raises policy rate; Bitcoin slides below $19,000
On Wednesday, September 21, the U.S. Federal Reserve (Fed) raised the target range for its federal funds rate by 75 basis points, to 3–3.25%. The crypto market reacted with a drop.
Fed raises key rate; Bitcoin rises above $22,000
On Wednesday, July 27, the U.S. Federal Reserve raised the target range for the federal funds rate by 75 basis points to 2.25–2.50%. The cryptocurrency market responded with a rally.
Fed chair Jerome Powell: we are closely watching developments in the cryptocurrency market.
US Federal Reserve officials are closely watching cryptocurrencies amid heightened market volatility, Fed chair Jerome Powell said.
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.
Powell flags threat to financial stability from cryptocurrencies and stablecoins
Cryptocurrencies and 'stablecoins', in particular, pose risks to the U.S. financial system and require new laws to regulate them. This was stated by Fed Chair Jerome Powell, according to Associated Press.
Fed signals three rate hikes in 2022 amid inflation risks
Following the December 14-15 meeting, the Fed pushed back the end of its asset purchases taper from June to March. The updated forecasts anticipate three rate hikes over the next two years.
Fed chair signals faster tapering of stimulus
The Fed will discuss speeding up the pace of its bond-buying taper at the December 14–15 meeting, Powell said, CNBC reports.
Biden plans to renominate Jerome Powell for a second term as Fed chair
U.S. President Joe Biden announced his intention to renominate Jerome Powell for a second term as chair of the Federal Reserve. The White House said so on its website.
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.
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.We use cookies to improve the quality of our service.
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