Market Update
Federal Reserve Chair Jerome Powell hints that monetary stimulus could be withdrawn thanks to "substantial progress" in the U.S. economic recovery.
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Federal Reserve News
The Federal Reserve. or The Federal Reserve System, is the central bank of the United States that was founded in 1913 by the U.S. Congress in order to establish central financial control. The Federal Reserve is responsible for a lot of functions, so some may become confused about its role and ask the question “what does the Federal Reserve do?” The main objectives of the Federal Reserve System were established along with its founding in 1913. They are: maximizing employment, stabilizing prices and moderating long-term interest rates. Those are achieved by open-market operations, placing the discount rate, and establishing reserve requirements for financial institutions. Decisions and prognoses of the Federal Reserve are crucial for world’s economy because most economic operations are dependent on the U.S. dollar, which falls under the Federal Reserve’s control.
- Markets News
Jerome Powell reiterates his opinion about Bitcoin as a gold substitute, but a sell-off accompanies his other criticisms.
32410 - Analysis
An important new role for the world’s first cryptocurrency as an inflation gauge — or just another fantasy of Bitcoin maximalists?
30179 - News
The U.S. does not want cash to go extinct in the presence of a CBDC, according to the Fed’s chairman.
10012 - Newsletter
Longstanding sagas in crypto saw major plot development and even a conclusion or two in this week's newsletter.
8788 - Market Analysis
The price of gold has also been stagnating, but this isn't necessarily bad for "digital gold" Bitcoin.
49643 - News
Jerome Powell added that the Federal Reserve needs to consider the health of other markets when creating a digital currency.
22055 - Breaking news
"A Federal Reserve operational error resulted in disruption of service in several business lines," said Jim Strader from the Richmond Fed.
35630 - Markets News
As Bitcoin wobbles following a spurt to above $58,000, concerns mount about the depth of a possible inbound correction.
37461 - News
"It's going to be a dollar economy as far as the eye can see," said James Bullard.
13235 - News
The president's refusal to budge on a $1.9 trillion COVID-19 relief bill will have knock-on effects for Bitcoin, as the money printers look set for action once more.
12888 - Analysis
As another $2-trillion stimulus package looms in the U.S., institutions will continue to look at BTC as a hedge against inflation.
34816 - News
The Senate Committee on Finance backed Yellen's nomination in a show of bipartisan support.
16041 - News
The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell.
14893 - News
JPMorgan is using blockchain to drive efficiency in the repo market; Goldman and others are taking notice.
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