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Fed 'Absolutely Prepared' to Step Into Markets: Boston Fed President Collins
Bitcoin and U.S. stocks added to earlier gains following Collins' comments in an interview with the FT.
Updated Apr 11, 2025, 6:01 p.m. Published Apr 11, 2025, 5:53 p.m.
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What to know:
- "We would absolutely be prepared" to address difficult market conditions if needed, said Boston Fed President Susan Collins in an FT interview.
- Currently, said Collins, markets continue to function well and the central bank is not seeing liquidity concerns.
- Bitcoin pushed to just shy of $84,000, up 6% over the past 24 hours, while the Nasdaq and S&P 500 extended their Friday advance to nearly 2%.
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- Crypto exchange Coinbase reported a fourth quarter earnings miss.
- Transaction revenue of $982.7 million was down from $1.046 billion the previous quarter and $1.556 billion in the fourth quarter one year ago.
- In the first quarter of 2026 through Feb. 10, the company has seen about $420 million in transaction revenue.
- Shares were modestly higher in after-hours trade, though remaining down about 40% year-to-date.
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