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Fed Chair Jerome Powell Just Admitted the U.S. Economy Is Screwed

Federal Reserve Chairman Jerome Powell resumed his congressional testimony on Wednesday. He told lawmakers that low interest rates have become a fact of life. Twenty-four hours earlier, he asserted that the U.S. economy was doing just fine. Powell’s half right: The U.S. can’t survive normal monetary policy without risking financial ruin. Jerome Powell

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US Congressman Challenges Fed Chair on Threat of China’s Digital Currency

United States Congressman Bill Foster (D-IL) has questioned the Chair of the Federal Reserve Jerome H. Powell on U.S’s central bank digital currency (CBDC) progress at a hearing on monetary policy earlier today. Foster hopes for a digital dollarFoster began his questioning by asking Powell:“Do you think that establishing a

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Tech Like Blockchain Will Transform Chinese Economy, Bank Chair Says

Digital transformation is a national priority for China, and it’s being integrated into both enterprise and banks and other services industries.According to a Feb. 4 report from Economic Information Daily, chairman of Minsheng Bank Hong Qi said:“The full adoption of digital technologies such as blockchain is expected to accelerate

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Regulated Derivatives Will ‘Legitimize’ Crypto, Says CFTC Chair

The chairman of the Commodities and Futures Exchange Commission (CFTC) believes regulated derivatives will instill market confidence in cryptocurrencies.Chair Heath Tarbert told Cheddar Monday that his agency is helping create a regulated futures market that investors would be able to "rely on" for better "price discovery, hedging and risk management.""By

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CFTC Chair Tarbert Lists Two Crypto Problems: Money Laundering & Terrorist Funding

Chairman of the United States Commodity Futures Trading Commission (CFTC), Heath Tarbert, recently discussed crypto at Harvard Kennedy School as part of a series of lectures that revolved around financial regulations.Tarbert talked about the agency and its stance on cryptocurrency, and how the CFTC team is still processing the information

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