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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Federal Reserve Chairman Jerome Powell reiterated the need of robust central-bank oversight in the ongoing development of stablecoin regulations by the House Financial Services Committee. Powell further disclosed that the Federal Reserve’s staff has been actively
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Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee. Source
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The United States Federal Reserve Board sees payment stablecoins as a form of money, Chair Jerome Powell said during questioning at the House of Representatives Financial Services Committee’s semi-annual hearing on Fed policy on June 21. Powell’s comments came in response to committee ranking member Maxine Waters, who asked for his
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Well-known crypto executives across the globe have donated to blockchain investigator ZachXBT, aiding in his legal defense against a defamation lawsuit broughtby someone he accused of fraud.ZachXBT is known to his 412,900 followers on Twitter for his investigative work in the blockchain and cryptocurrency sector. On June 16, Jeffrey Huang,
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Bitcoin (BTC) stuck to $26,000 on June 14 as fresh United States macroeconomic data prints failed to move cryptocurrency markets.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewPPI offers Bitcoin bulls little fuelData from Cointelegraph Markets Pro and TradingView showed BTC/USD staying stubborn as Producer Price Index (PPI) data showed U.S.
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“The financial stability tools helped to calm conditions in the banking sector,” said Powell. “Developments there, on the other hand, are contributing to tighter credit conditions and are likely to weigh on economic growth, hiring and inflation,” he continued. “As a result, our policy rate may not need to rise
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Bitcoin (BTC) nudged $27,000 after the May 19 Wall Street open as the Chair of the United States Federal Reserve delivered comments on policy.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewBTC price volatility returns as Powell speaksData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it attempted to reclaim
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Treasury yields rose alongside an increased probability of the Fed delivering another 25 basis point interest rate hike next month, helping keep investor risk appetite under check. The yield on the 10-year note rose to 3.67%, the highest since mid-March, and taking the weekly gain to 20 basis points. The
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"As the market is expecting a pause after this hike, we'll be looking for the sentence on 'additional policy firming may be appropriate' to be removed from the statement, replaced by more open-ended language leaving the door open for either more rate hikes or a pause, i.e., data-dependency," Dick Lo,
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United States Federal Reserve chairman Jerome Powell has conceded that his regulator was blindsided by the sudden collapse of Silicon Valley Bank (SVB), despite it being under their watch.In a press conference held just after the Federal Open Market Committee meeting on March 22, Powell said he immediately knew there
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