Jerome Powell

Fed Pauses Interest-Rate Cuts as January FOMC Meeting Looms, Leaving Markets on Edge

The U.S. Federal Reserve has paused its cycle of interest-rate cuts, holding the federal funds rate at 3.50%–3.75%after three consecutive reductions at…

1 month ago

Federal Prosecutors Open Criminal Investigation into The Fed and Jerome Powell

Federal prosecutors have opened a criminal investigation of Federal Reserve Chair Jerome Powell over his June testimony before Congress about…

2 months ago

Bitcoin Trades Flat Near $118K as Fed Holds Rates Steady

Bitcoin hovered near $118,000 on Wednesday after the Federal Reserve held interest rates steady at 4.25% to 4.5%, maintaining a cautious…

7 months ago

Fed Chair Sees Crypto Going Mainstream, Expects More Bank Engagement

Federal Reserve Chair Jerome Powell said this week that the crypto industry is becoming more “mainstream” and expects banks to…

8 months ago

Fed Chair Powell Advocates For Stablecoin Regulation, Signals Openness to Crypto Innovation

Federal Reserve Chair Jerome Powell reiterated the need for a regulatory framework for stablecoins and signaled that the Fed has no…

11 months ago

The Federal Reserve Maintained The Federal Funds Rate Unchanged Between 4.25% and 4.50%

The Federal Reserve kept interest rates unchanged today, maintaining the federal funds rate between 4.25% and 4.50% for the second consecutive meeting…

12 months ago

Fed Chair Jerome Powell Says US Banks ‘Perfectly Able’ to Serve Crypto Customers

The Federal Reserve signaled Wednesday that servicing the cryptosphere shouldn’t be off-limits for U.S. banks, whether that involves catering to…

1 year ago

Bitcoin, Ethereum Up Slightly as Fed Looks to ‘Ease Policy’ in September

Bitcoin’s price is up following the Wednesday release of the U.S. Federal Reserve’s minutes from its July meeting, which suggests that…

2 years ago

Bitcoin Holds Steady as Fed Chair Powell Hints at Rate Cuts in September, Says No Plans For CBDC

Federal Reserve Chair Jerome Powell suggested on Wednesday that the central bank might reduce interest rates at its upcoming September meeting if…

2 years ago

Fed Chair Powell Told House Democrats U.S. Needs Stablecoin Bill

During a recent closed-door meeting with House Democrats, Federal Reserve Chair Jerome Powell emphasized the need for Congressional involvement in…

2 years ago