Tuesday, February 18, 2020
Home > Fed

Trump’s Fed Nominee Judy Shelton Says US Should Be Proactive on Digital Dollar

Judy Shelton, President Trump’s nominee to the Federal Reserve Board, told lawmakers that digitizing the U.S. dollar could help maintain the currency’s ascendancy in global commerce. At her Senate confirmation hearing Thursday, Shelton said the U.S. needs fintech innovation to keep ahead of other countries. “Yes, it is a dominant reserve currency

Read More

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

Federal Reserve Chairman Jerome Powell has given advocates of financial privacy a glimmer of hope – and hinted at how the U.S. might competitively position a future digitized dollar.In testimony before Congress this week, Powell was asked whether the Fed had any “visibility” into China’s progress developing a central bank

Read More

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

Read More

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

Read More

XRP Talk at Fed Hearing & Volcker Rule Relaxation Bring’s Crash Closer?

In a congressional hearing today over mobile payments and banking the unbanked, PayPal were among the companies present to discuss the changing payments landscape. Congressman Tom Emmer discussed XRP and Ripple acknowledging their hard work that is revolutionising the way payments work from the ground up. Mr Emmer showed a deep understanding

Read More