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Federal Reserve confirms July launch for FedNow instant payment service
16.3.2023
The Fed Now service aims to reduce the gap in payment time between US financial institutions
Billionaire ‘Bond King’ Jeffrey Gundlach Expects Fed to Raise Rates Next Week — ‘That Would Be the Last Increase’
15.3.2023
Billionaire Jeffrey Gundlach, aka the “Bond King,” expects the Federal Reserve to raise interest rates at its March meeting next week, which “would be the last increase,” he said. In addition, Gundlach cautioned: “The inflationary policy is back in play with...
Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss
10.3.2023
On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond portfolio at a $1.8 billion loss. CEO Greg Becker insists that the financial institution...
Steve Forbes Says the Fed Is ‘Inflicting Unnecessary Pain’ With Interest Rate Hikes
10.3.2023
Media mogul Steve Forbes, chairman of Forbes Media, has warned that the Federal Reserve is “inflicting unnecessary pain” on the U.S. economy with its interest rate hikes after Fed Chair Jerome Powell said the Fed is prepared to raise interest rates at a faster pace. He also pointed...
Fed Chair Powell Provides Update on US Central Bank Digital Currency
10.3.2023
Federal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the Fed is “making progress on technological issues,” Powell stressed that...
Bitcoin Price Prediction as Fed Chair Powell Warns of Higher Than Expected Interest Rates – Will Crypto Prices Crash?
9.3.2023
In the world of cryptocurrency, Bitcoin remains one of the most popular and widely traded assets. Recently, as the Chairman of the US Federal Reserve, Jerome Powell, warned of higher-than-expected interest rates, many investors question whether this will lead to a crash in crypto prices. ...
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Fed Chair Warns of Higher Interest Rates Than Previously Anticipated, Faster Hikes
8.3.2023
Federal Reserve Chairman Jerome Powell has warned that “the ultimate level of interest rates is likely to be higher than previously anticipated.” In addition, if faster tightening is warranted, the Fed “would be prepared to increase the pace of rate hikes,” Powell said....
Bitcoin Climbs Above $22K as Powell Softens Tone on Day 2 of Congressional Testimony
8.3.2023
The Fed chair said no decision has yet been made on the size of the coming March rate hike
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $22,000, as Powell Warns of Higher Rates
8.3.2023
Bitcoin moved below the $22,000 level on March 8, as markets continued to react to U.S. Fed Chair Jerome Powell’s testimony. Speaking in front of the Senate Banking Committee, Powell said he expected rates to be higher than initially anticipated. Ethereum has also slipped on the news....
Federal Reserve Chairman Powell Speaks Out: We Don't Want to Stifle Crypto
8.3.2023
Federal Reserve Chairman Jerome Powell has made it clear that the central bank doesn't want to prevent crypto innovation but warned that the industry is still replete with fraud and risks.
On Tuesday, Powell testified on Capitol Hill before the Senate Banking Committee. When asked about...
First Mover Asia: Bitcoin, Ether Bounce Back After Being Tested by Fed Chair Powell’s Comments
8.3.2023
A study by CryptoRank, which tracks crypto fund portfolios, shows that despite massive declines last year, a number of major funds are up over the past three years; bitcoin trades over $22.2K
Fed Chair Powell on Crypto: We See Turmoil, Fraud, Lack of Transparency, Run Risk
8.3.2023
Federal Reserve Chairman Jerome Powell has outlined several risks related to crypto activities during a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. While stating that the Fed sees turmoil, fraud, a lack of transparency, and run risk in the crypto space, he stressed:...
Bitcoin Rebounds Above $22K, Equities Struggle After Fed Chair Powell Says Rates Are ‘Likely to Be Higher’
7.3.2023
Over 70% of traders now see the possibility of a 50-basis point rate hike in the March FOMC meeting. Bitcoin has dropped 1.6% in the past 24 hours but remained in range-bound
Federal Reserve’s Powell: We Don’t Want to Strangle Crypto Innovation, but Sector Is a Mess
7.3.2023
If the crypto industry was looking for a silver lining in Federal Reserve Chair Jerome Powell’s testimony in a U.S. Senate hearing on Tuesday, the best he could offer was that he’s hoping there’s something useful and innovative amidst crypto’s mayhem
Bitcoin Price Slides to $22K as Powell Warns on Inflation
7.3.2023
The Federal Reserve chairman is in the Senate testifying on the economic situation on Tuesday morning
Bitcoin, Ethereum Technical Analysis: BTC, ETH Stall Ahead of Powell Testimony
7.3.2023
Bitcoin remained in consolidation earlier in Tuesday’s session, as markets prepared for this afternoon’s testimony from Fed Chair Powell. The head of the U.S. Federal Reserve will be speaking in front of the Senate Banking Committee later in the day. Ethereum was also largely...
Bitcoin, Ethereum Technical Analysis: Volatility in BTC, ETH Remains High to Start the Week
6.3.2023
Bitcoin consolidated for a third straight session, as markets prepared for a big week of U.S. economic data. Later this week, nonfarm payrolls will be posted, with Federal Reserve chair Jerome Powell also speaking in the coming days. Ethereum also fell marginally lower to start the week. Bitcoin...
Kraken CEO: Regulators Let Bad Guys Get Big and Blow Up to Serve Their Agenda
22.2.2023
The CEO of crypto exchange Kraken, Jesse Powell, says U.S. regulators “let the bad guys get big and blow up because it serves their agenda.” The executive explained: “Bad guys operate with huge competitive advantages. They suck up users, revenue, and venture capital that would...
US Markets Tumble as Real Estate Weakens, Putin Suspends Nuclear Treaty, Morgan Stanley Warns of Stock Market ‘Death Zone’
22.2.2023
On Tuesday, all four major U.S. benchmark stock indexes fell as real estate data showed home sales dropped by 0.7% last month and Russian President Vladimir Putin suspended the nuclear arms control treaty with the United States. Additionally, the chief U.S. equity strategist at Morgan Stanley said...
'Regulators let the bad guys get big' — Kraken CEO speaks out after SEC settlement
20.2.2023
According to Jesse Powell, U.S. regulators allowing bad actors in the crypto space to “suck up users, revenue and venture capital” could effectively destroy "the good guys"