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“# US Senator Pat Toomey supports digital dollar, nomination of Powell as Fed chair ” Pennsylvania Senator Pat Toomey, one of the lawmakers who supported amending the language around crypto in the recently passed infrastructure law, said the United States should lead the world in the adoption of a central bank digital currency, or CBDC….
“# Fed conducted ‘policy sprints’ around crypto assets to address regulatory clarity ” The United States Federal Reserve is planning to address ambiguities that they feel are plaguing digital asset regulation in the country following rapid analyses by government agencies. In a Tuesd announcement, the Board of Governors of the Federal Reserve System said it…
“# President Biden picks Jerome Powell to be next Fed chair ” President Joe Biden has tapped Jerome Powell to serve another four-year term as the chair of the Federal Reserve System’s Board of Governors. In a Monday announcement, the White House announced President Biden would be nominating Powell as his pick to lead the…
“#Biden re-nominates Jerome Powell as Fed chair” President Joe Biden said Monday he will re-nominate Fed Chairman Jerome Powell for a second term as the US grapples with scorching inflation, persistent supply-chain snags and COVID-19 cases that are once again on the rise. Powell, who was picked by former President Donald Trump to lead the…
“#The Fed’s left-face decision on Jerome Powell reign” As this column goes to press, the Wall Street C-suite class is giving Jerome Powell slight odds to be reappointed as Federal Reserve chairman. Yes, he is disliked by progressives such as Elizabeth Warren; they have a big say in just about anything the Biden administration does…
“# Fed Governor Waller praises stablecoins as a genuine innovation that makes the development of CBDCs redundant ” In a speech published Wednesday noon, Federal Reserve Governor Christopher J. Waller reiterated his skepticism for implementing a central bank digital currency, or CBDC, in the United States. However, Waller is not an ordinary cryptocurrency skeptic, as…
“# Bitcoin price dips under $60K as Dollar Strength Index reaches 16-month highs ” Bitcoin (BTC) logged its worst daily performance since September as BTC price slid by 10% to under $59,000 on Nov. 16. On the other hand, the United States dollar jumped to its best level in sixteen months after spending across the…
“# Record-high inflation prompts investors to take a closer look at Bitcoin ” Consumers in the United States and around the world continue to feel the pinch of inflation and recent data shows that the Consumer Price Index (CPI) rose 6.2% in October when compared to last year, a development which further cast doubt on…
“# Crypto markets rally as inflation rages at 30-year high ” Cryptocurrency markets rose to record highs on Wednesday, as investors continued to pile into Bitcoin (BTC) and alternative coins against a backdrop of surging inflation in the United States. The cryptocurrency market capitalization — an important barometer for the health of the digital asset…
“# Fed board member to leave by 2022, leaving Biden to fill 3 seats ” Randal Quarles has resigned his position from the Board of Governors of the Federal Reserve System, effective by the end of December. In a Friday resignation letter addressed to United States President Joe Biden, Quarles said he planned to leave…