Federal Reserve

Federal Reserve

Policy

U.S. Federal Reserve researchers sing praises of prediction markets

A deep look at predictions on Kalshi called such platforms valuable to policymakers and researchers, according to a new Fed paper.

Kalshi website on a laptop.

Policy

Fed's Neel Kashkari calls crypto 'utterly useless,' dismisses stablecoins as 'buzzword salad'

The Minneapolis Fed president said stablecoins don’t beat Venmo and argued crypto fails basic real-world tests.

Minneapolis Federal Reserve Bank President Neel Kashkari (Fox News)

Markets

Anatomy of bitcoin's plunge this week: The dollar's bottom was BTC's top

It seems like ages ago, but bitcoin rose to just shy of $91,000 on Wednesday. Then the U.S. dollar started to strengthen.

Dolar rises, bitcoin falls

Policy

Bitcoin is the 'newest, coolest software': Inside Kevin Warsh’s complicated crypto history

The former Federal Reserve governor has invested in crypto firms, criticized bitcoin’s role as money and argued for a U.S. digital dollar.

Kevin Warsh. (Chung Sung-Jun/Getty Images/Modified by CoinDesk)

Markets

Hedge fund billionaire Stan Druckenmiller on Warsh as Fed chair: ‘no one better equipped’

The conventional wisdom on Trump's pick for Fed chair says he's a hawk. Stanley Druckenmiller, who made billions fading conventional wisdom, suggests that's not necessarily so.

Kevin Warsh with Stanley Druckenmiller

Policy

President Donald Trump nominates Kevin Warsh as Fed Chair

The president confirmed his pick on Friday to replace the incumbent Jerome Powell when his term ends in May.

U.S. President Donald Trump (Nikhilesh De/CoinDesk)

Markets

Here's why Fed contender Kevin Warsh is seen as bearish for bitcoin

BTC fell deeper to nearly $81,000 late Thursday as Warsh's odds surged in betting markets.

BTC drops as Kevin Warsh emerges as contender for the Fed job. (Tasos Katopodis/Getty Images for Semafor)

Markets

Federal Reserve holds policy steady as early rate cut bets vanish and bitcoin stalls

The January Fed rate decision capped a sharp reversal in easing expectations, likely among the reasons for crypto's poor price performance.

Federal Reserve logo highlighted on a U.S. banknote (joshua-hoehne/Unsplash/Modified by CoinDesk)

News Analysis

Rick Rieder, a rising favorite for Trump's Fed chair pick, sees bitcoin as new gold

As Trump mulls the next leader of the U.S. Federal Reserve, the BlackRock executive has caught a surge of online wagers, and he'd bring a pro-crypto view.

Rick Rieder of BlackRock (Cindy Ord/Getty Images for Yahoo)

Markets

Bitcoin rallies past $93,000 after inflation data increased chances of further rate cuts

The largest cryptocurrency is now facing a key "resistance" zone at $93,500-$95,000, which has capped its price for nearly two months.

Bitcoin price on Jan. 13 (CoinDesk)