Jerome Powell

Jerome Powell

Policy

US Fed Chair Says Private Entities Should Not Help Design Central Bank Digital Currencies

Federal Reserve Chairman Jerome Powell said central banks should design and implement CBDCs, not private entities.

Federal Reserve Chairman Jerome Powell

Markets

Fed Officials See Anemic Inflation Despite Trillion-Dollar Money Injections

Federal Reserve officials see U.S. inflation as likely to stay below 2% over the next three years, based on a new summary of economic predictions released Wednesday by the central bank.

Federal Reserve Chairman Jerome Powell

Markets

Bitcoin Drops 2% Following Fed's First Emergency Rate Cut Since 2008

Bitcoin prices slid Tuesday after the U.S. Federal Reserve announced an emergency cut in interest rates to counteract risks to the economy from the spreading coronavirus.

Federal Reserve Chair Jerome Powell

Markets

Bitcoin Rebounds as Coronavirus-Infected Stocks Get Jolt From Fed, BOJ

Bitcoin jumped the most in two weeks Monday, surging alongside U.S. stocks amid speculation that the Federal Reserve and other central banks will support markets as the coronavirus spreads.

Fed Chairman Jerome Powell

Markets

Bitcoin's Coronavirus Sell-off Throws Cold Water on Safe-Haven Argument

As U.S. stocks tumbled on Monday by the most in six months amid renewed coronavirus fears, bitcoin barely budged - at least in terms of the notoriously volatile cryptocurrency’s trading history.

Already this year, bitcoin has suffered seven price declines of 3 percent or greater. Source: TradingView

Policy

Could a Digital Dollar Compete on Privacy? Fed Chairman Powell Hints It Might

Fed Chairman Powell has given financial privacy advocates a glimmer of hope – and hinted at how the U.S. might competitively position a digitized dollar.

Jerome Powell

Markets

Bitcoin Price Hits 5-Month High Above $10,350

Bitcoin’s price is trending solidly back above the five-digit figure mark.

Credit: Shutterstock

Markets

US Lawmakers Ask Fed to Consider Developing 'National Digital Currency'

"We are concerned that the primacy of the U.S. Dollar could be in long-term jeopardy from wide adoption of digital fiat currencies."

Jerome Powell

Policy

What Trump's Bitcoin Tweet Changes

Donald Trump took aim at bitcoin last week. He also kicked off a whole new phase in bitcoin's mainstream moment.

(Evan El-Amin/Shutterstock)

Markets

Fed Chairman Jerome Powell Compares Bitcoin to Gold

Powell compared bitcoin to gold, referring to them both as speculative stores of value.

Gold breaks $3,000 an ounce (shutterstock)