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Fed Chair Jerome Powell Says a ‘Difficult Correction’ Should Balance US Housing Market
25.9.2022
Following the Covid-19 pandemic, real estate investors did extremely well, despite the millions of Americans that were put out of work and faced evictions during the lockdowns in 2020. Stimulus put a bandage on the financial wounds inflicted by Mainstreet business shutdowns and deadlocked supply...
Is Powell 2022’s Paul Volcker? The Answer Matters to Bitcoin
23.9.2022
Whether Bitcoin succeeds will largely hinge on whether people have confidence in the incumbent fiat system to which it poses an alternative and in the central bankers who, since the end of the dollar’s gold peg 1973, have determined the monetary policies behind that system
Jesse Powell Exits Kraken CEO Position, COO Ripley Will Take the Reins
22.9.2022
Major crypto exchange Kraken announced that co-founder Jesse Powell is stepping down from his position as CEO.
Powell co-founded the company back in 2011 with Thanh Luu, and is considered one of the pioneers in the space.
Per this announcement, COO Dave Ripley will succeed Powell, while...
Jerome Powell is prolonging our economic agony
21.9.2022
Jerome Powell is lengthening economic pain by refusing to raise interest rates at the necessary pace. It’s time to rip off the band-aid
Kraken CEO Jesse Powell steps down: Report
21.9.2022
Jesse Powell will reportedly be succeeded as CEO by chief operating officer Dave Ripley, who has been with the crypto exchange since 2016
Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation
21.9.2022
The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a percentage point. The central bank’s move follows the consumer price index (CPI) report last week that showed U.S. inflation jumped last month by 8.3% per annum. Fed Raises Federal Funds Rate...
Kraken’s Jesse Powell to Step Down as CEO of Crypto Exchange
21.9.2022
The exchange’s COO Dave Ripley will take over as CEO
US Inflation Rate in August Runs Hot at 8.3%, Peter Schiff Says America’s ‘Days of Sub-2% Inflation Are Gone’
13.9.2022
On September 13, the U.S. Bureau of Labor Statistics reported the country’s consumer price index (CPI) inflation jumped by 8.3% annually in August. The reduction was less than expected and market analysts believe the U.S. Federal Reserve will continue its aggressive rate hikes going forward....
First Mover Americas: Bitcoin Jumps Most in Six Months, as 'Powell Pivot' Speculation Returns
9.9.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 9, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin, Ethereum Technical Analysis: BTC Beyond $21,000, ETH Above $1,700 as Powell Remains Hawkish
9.9.2022
Bitcoin rose by over $2,000 in the last 24 hours, as markets responded to bullish comments from United States Federal Reserve Chair Jerome Powell. Speaking yesterday, Powell stated, “We need to act now, forthrightly, strongly as we have been doing.” Ethereum also surged, moving above...
Federal Reserve to Act 'Forthrightly, Strongly' Until Inflation 'Job Is Done,' Powell Says
8.9.2022
Surge or purge? Why the Merge may not save Ethereum price from 'Septembear'
3.9.2022
Options data, macroeconomic catalysts and technical signals suggest a decline in Ethereum price is on the table despite the Merge
Gold and Silver Markets Shudder, Analysts Say Firm Dollar and Rate Hikes May Drag Precious Metal Markets Lower
1.9.2022
Precious metal markets have shuddered during the last few weeks, as gold’s price per ounce nears a six-week low hovering just under $1,700 per unit. Silver crashed through the $18 range slipping to $17.80 per ounce. While both gold and silver dipped between 0.85% to 0.89% against the U.S....
Bitcoin price clings to $20K as analyst says Fed ‘buried’ soft landing
31.8.2022
The U.S. inflation narrative shifts away from ease-of-control in what could further pressure risk asset performance
IMF Expects US Economy to Experience High Inflation for at Least Another Year or Two
30.8.2022
The International Monetary Fund (IMF) expects the U.S. economy to experience high inflation for at least another year or two. “I would be careful about looking at one data point for the U.S.,” IMF First Deputy Managing Director Gita Gopinath cautioned. IMF on US Economy and Global...
Senator Warren ‘Very Worried’ About Federal Reserve Raising Interest Rates, Tipping US Economy Into Recession
30.8.2022
U.S. Senator Elizabeth Warren says she is “very worried” that the Federal Reserve will tip the economy into recession. “There is nothing in raising the interest rates, nothing in Jerome Powell’s tool bag that deals directly with” the causes of inflation,...
US dollar hits new 20-year high — 5 things to know in Bitcoin this week
29.8.2022
A familiar tale of losing stocks and a surging greenback greets Bitcoin traders this week as $20,000 fails to sustain as support
Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’
28.8.2022
Following Jerome Powell’s hawkish commentary at the annual Jackson Hole Economic Symposium, major stock indexes, cryptocurrencies, and precious metals slid significantly in value. Over $240 billion was erased from the crypto market and the Crypto Fear and Greed Index continues to slide...
Crypto Economy Slides Under $1 Trillion, as Bitcoin and Ethereum Dive Below Previous Support Zones
27.8.2022
On Saturday, August 27, 2022, the global market capitalization of all the crypto assets in existence dropped under the $1 trillion mark and the leading crypto asset bitcoin slipped below the $20K region for the first time since mid-July. Crypto Economy Craters — More Than $240 Billion Erased...
Powell Says Fed’s Battle With Inflation Will Bring ‘Some Pain,’ After Insisting Last Year Elevated Inflation Is ‘Likely to Prove Temporary’
27.8.2022
On Friday, Jerome Powell spoke at the annual Jackson Hole Economic Symposium and the Federal Reserve chair explained that the U.S. central bank is focused on fighting the country’s red-hot inflation. Powell stressed at the event that strict monetary policy is necessary, and his commentary...