Monetary Policy


Markets

ECB Signals ‘Moderate’ Slowdown in Asset Purchases; Bitcoin Rises

The European Central Bank says it will slow down the average pace of asset purchases but keep the overall size of its quantitative easing program intact.

European Central Bank President Christine Lagarde steps up to podium for press conference Thursday. (ECB, modified by CoinDesk)

Markets

PBoC Says It Will Keep High Pressure on Crypto Trading

China's central bank holds that crypto trading brings financial risk to the economy, and said it will continue a crackdown on the industry.

People's Bank of China

Markets

Canada CBDC 'Probably Necessary' for Competition, Central Bank Says in Paper

The authors argue a central bank digital currency will likely be positive for Canadians, breaking monopolies in big tech and traditional finance.

Bank of Canada

Policy

Fed Says 'Surge' in Crypto Prices Reflects Increased Appetite for Risk

The central bank's monetary policy report to Congress gave crypto a rare shoutout Friday.

Federal Reserve building, Washington, D.C.

Markets

Federal Reserve Balance Sheet Tops $8T for First Time

The U.S. central bank will continue buying Treasury and mortgage bonds to support the economy.

Federal Reserve Chair Jerome Powell

Markets

Lawrence Summers on Inflation: Fed ‘Will Only Remove the Punch Bowl After It Sees People Staggering Around Drunk’

“I think policy is rather overdoing it,” the former U.S. Treasury secretary said at Consensus 2021.

Larry Summers, the former U.S. Treasury Secretary

Videos

"Bitcoin as Inflation Hedge? Former New York Fed Reserve Director on Inflation, FOMC Minutes and Digital Dollar "

"First Mover" talks to Cornerstone Macro's partner and former New York Federal Reserve Director Benson Durham about the inflation debate, the Fed's monetary policy and bitcoin as an inflation hedge ahead of the release of the latest Fed meeting minutes.

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Markets

Federal Reserve Keeps Rates Near Zero, Maintains Asset Purchases, Sees Inflation as 'Transitory'

The Federal Reserve kept monetary policy unchanged and sees inflation as temporary, which is closely watched by bitcoin investors.

Federal Reserve Chair Jerome Powell

Videos

Federal Reserve’s Two-Day Meeting on Monetary Policy

CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what we can expect to hear from Jerome Powell, Federal Reserve chair, at this week’s two-day meeting on monetary policy.

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Videos

Could Slowing Institutional Investment Send Crypto Into Reverse?

Max Boonen, founder and director of B2C2, shares his thoughts on the future of the crypto market if U.S. monetary policy tightens or institutional investment announcements slow. “I think there is scope for a little bit of a reversal,” Boonen said.

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