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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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Bitcoin Price Soars as Jerome Powell Confirms Crypto’s Threat To U.S. Dollar

The price of bitcoin jumped on Tuesday after Jerome Powell stressed that the Fed is investing a significant amount into digital currency developments. Adding fuel to the fire, Powell also acknowledged how quickly crypto could become a systemic risk to the USD. China’s “Belt and Road” initiative is expected to roll out

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FED Chairman Jerome Powell Compares Bitcoin to Gold

Just recently, during his testimony before the Senate Banking Committee, FED Chairman Jerome Powell looked into the Facebook’s Libra cryptocurrency, compared Bitcoin to Gold, saying that it’s an alternative to the asset.Recently in a hearing with the Senate Banking Committee, Jerome Powell was talking about Facebook’s recent cryptocurrency project Libra

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