Federal Reserve Chair Jerome Powell expressed concerns about President Trump’s tariffs, predicting they would raise inflation and slow economic growth. During a speech in Virginia, Powell emphasized the uncertainty these tariffs bring and indicated that the Fed would wait for clearer impacts before adjusting interest rates. He acknowledged that while the economy appeared strong, there ...
On April 4, stock markets dropped for the second day, prompting US Federal Reserve Chair Jerome Powell to express concerns about the economic impact of the Trump administration’s tariffs. He noted these tariffs could lead to higher inflation and slower growth, complicating the Fed’s inflation goals. Meanwhile, President Trump urged Powell to cut interest rates, ...
Jerome Powell, Chair of the Federal Reserve, has announced that the U.S. will not introduce a Central Bank Digital Currency (CBDC) during his leadership, much to the relief of cryptocurrency enthusiasts. Former President Trump has also banned the development of a digital dollar, allowing Bitcoin and other cryptocurrencies more time to grow and gain popularity. ...
Cardano’s ADA is experiencing a rise in trading value, largely due to Grayscale’s recent application for a spot ETF. Meanwhile, Bitcoin remains relatively stable in a lackluster crypto Market as Federal Reserve Chair Jerome Powell prepares for his Congressional testimony, which is unlikely to spark significant movement in Bitcoin prices. Powell is expected to emphasize ...
The Federal Reserve has decided to keep interest rates steady at 4.25% to 4.50%, with Chairman Jerome Powell indicating that future changes will depend on data related to the economy and inflation. Following this announcement, Bitcoin saw a slight dip of 1%, trading just under $102,000, remaining above the $100,000 mark. Earlier in the week, ...
Bitcoin faced a significant slump, leading to over $700 million in liquidations across futures linked to major cryptocurrencies, including XRP and Dogecoin. BTC dropped below $100,000, partially recovering as the Asian Market opened. This decline followed remarks from Federal Reserve Chair Jerome Powell, who indicated that current regulations prevent the Fed from owning Bitcoin. His ...
The U.S. Federal Reserve has lowered its benchmark interest rate by 25 basis points to a range of 4.25%-4.50%, marking the third rate cut this year and a total of 100 basis points since September. Despite strong economic growth and rising inflation, this decision was anticipated by the Market. The Fed’s new projections indicate that ...
The Federal Reserve recently lowered its key interest rate by 0.25 percentage points, marking the third consecutive cut. The new target range for overnight borrowing is now between 4.25% and 4.5%. Despite this reduction, the Fed remains cautious about future cuts due to ongoing inflation and solid economic growth. Chair Jerome Powell emphasized the need ...
Federal Reserve Chair Jerome Powell recently discussed Bitcoin at the New York Times DealBook Summit, stating that he views it as a competitor to gold rather than the US dollar. He pointed out that while people invest in Bitcoin as a speculative asset, they don’t use it much for transactions or as a stable store ...
