Jerome Powell

Federal Reserve Keeps Rates Near Zero, Still Sees Inflation as ‘Transitory’

Even while pressure mounts to taper its asset purchases, the central bank will continue its accommodative quantitative easing.

Markets  ·  28 July 2021

Jerome Powell: I’m ‘Undecided’ on the Benefits of CBDCs

The Federal Reserve chair said "the more direct route" would be to regulate stablecoins.

Markets  ·  15 July 2021

Market Wrap: Bitcoin Flat; Fed’s Powell Grilled on Crypto

The Federal Reserve chief signaled the U.S. central bank isn’t likely to dial back monetary stimulus anytime soon.

Markets  ·  14 July 2021
Federal Reserve

Jerome Powell: CBDC Report Coming in Early September

The report will address cryptocurrencies, stablecoins and CBDCs.

News  ·  14 July 2021

Fed’s Powell May Have Met With Coinbase CEO in May

Brian Armstrong is listed on the central bank's calendar, public records show.

News  ·  2 July 2021

Why the Current Inflation Wave Could Fizzle Out

Jerome Powell sees inflation as strong but short-lived. Why do some expect prices for cars, chips, and other key goods to stop rising?

Business  ·  23 June 2021
Federal Reserve

Fed’s Powell Says Market, as Exemplified by Dogecoin, Is ‘a Bit Frothy’

"You are seeing things in the capital markets that are a bit frothy, that's a fact," said Powell. "I won't say it has nothing to do with monetary policy."

News  ·  29 April 2021

US Will Not Race China to Develop a CBDC: Fed Chairman Powell

The U.S. is biding its time to see whether a CBDC was something that would be a "good thing for the people," Powell said Wednesday.

News  ·  29 April 2021

As Powell Heads to Fed Meeting, Inflation Data Can Only Get Worse

Fed Chair Jerome Powell's challenge is to convince traders he's got the resolve to respond to runaway inflation, without actually doing anything.

Markets  ·  27 April 2021
Federal Reserve

Federal Reserve’s Powell Says CBDCs ‘Need to Coexist With Cash’

The Fed chairman spoke at a virtual payments conference hosted by the Basel Committee on Banking Supervision.

Business  ·  18 March 2021

Bitcoin Slips as Traders Shrug Off Latest MicroStrategy Buy

Bitcoin’s increasing reliance on purchase announcements for short rallies may not be an entirely healthy trend.

Markets  ·  5 March 2021

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.

Markets  ·  4 March 2021
Federal Reserve

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.

News  ·  24 February 2021
Jerome Powell

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.

Markets  ·  24 February 2021

Market Wrap: Bitcoin Settles Around $47K After Biggest 2-Day Rout in 11 Months

Bitcoin's price has declined 20% since Sunday.

Markets  ·  23 February 2021