Jerome Powell
Market Wrap: Bitcoin Falls to $48K as Fed's Powell Makes No New Promises; Ether Drops
Bitcoin prices quadrupled last year and have rallied 66% this year on speculation the cryptocurrency could serve as an inflation hedge.
Key Takeaways From Powell’s Testimony to Congress and Implications for the Crypto Industry
Jerome Powell speaks at a House Financial Services Committee hearing today as he continues his semi-annual testimony before Congress. As CoinDesk Managing Editor, Global Policy & Regulation Nikhilesh De reports, at the Senate Banking Committee hearing yesterday Powell addressed questions about inflation, economic inequality and the digital dollar.
Fed Chairman Powell: We Will Engage the Public on the Digital Dollar This Year
“This is going to be an important year,” Powell said of the digital dollar project.
Bitcoin Retakes $50K as Powell Eases Market Jitters, Bond Yields Drop
"The economic recovery remains uneven and far from complete, and the path ahead is highly uncertain," the Fed chairman said.
Market Wrap: Bitcoin Settles Around $47K After Biggest 2-Day Rout in 11 Months
Bitcoin's price has declined 20% since Sunday.
State of Crypto: The US Government Keeps Mentioning Terrorism
Congress is holding a hearing on financing for domestic terrorism this week. What role will bitcoin play?
Bitcoin Expected Topic at Thursday's Congressional Hearing on Domestic Terror Financing
CoinDesk regulatory reporter Nik De joins "First Mover" to discuss several important Congressional hearings coming up this week, including a hearing Thursday on the financing of domestic terror after the January 6th insurrection. "My expectation is that crypto will come up," De said.
Jerome Powell on CBDCs: ‘We Don’t Feel a Need to Be First’
He estimated it will take “years rather than months” before the Fed releases a CBDC.
Fed's Powell Wins Forbes' Crypto Person of the Year Honors; Do They Give Awards for Snark?
A side effect of the Fed's medicine for the pandemic-stricken U.S. economy was to create conditions ideal for the rise of cryptocurrencies.
Fed Chair Jerome Powell Emphasizes Caution in CBDC Remarks
Saying “It's more important to get it right than to be first,” Federal Reserve Chairman Jerome Powell suggested the U.S. isn’t rushing to win a global race to develop a Central Bank Digital Currency. Speaking at the annual International Monetary Fund meeting, he did, however, reiterate that research is moving forward and spoke of experiments underway.
