Federal Reserve


Markets

Market Wrap: Bitcoin Trades Sideways as Institutional Demand Expected to Rise

Bitcoin and other cryptocurrencies are consolidating near recent highs.

Bitcoin 24-hour price chart, CoinDesk 20

Policy

Crypto Made the Agenda at Last Month's Fed Meeting

This appears to be the first time the topic has come up in the seminal monthly FOMC meeting.

Federal Reserve Chair Jerome Powell

Policy

Minneapolis Fed President Kashkari on Crypto Market: 'Thousands of Garbage Coins'

"I've not seen any use case other than funding illicit activities like drugs and prostitution," the central banker said.

Minneapolis Federal Reserve Bank President Neel Kashkari (Fox News)

Markets

US July Consumer Price Index Rose Slightly Faster Than Expected

A year-over-year gain of 5.4% may reflect an economy that’s still suffering from supply shortages while keeping up with increasing demand.

Shutterstock

Markets

July Jobs Report: US Added 943,000, Beating Expectations

The U.S. unemployment rate fell to 5.4%, a post-pandemic low, from 5.9% in June, according to the U.S. Labor Department's Bureau of Labor Statistics.

MOSHED-2021-6-2-11-29-26

Videos

Fed Could Begin Tapering Bond Purchases Beginning October, Says Fed Governor Waller

According to Fed Governor Christopher Waller, the Federal Reserve could begin reducing its bond purchases as early as October. He cited the need to see consecutive strong job reports in August and September for tightening policy against rising inflation. "The Hash" hosts discuss the implications for the crypto markets and the wider U.S. economy.

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Policy

Fed's Brainard Says US Can't Not Have a CBDC in a World in Which Others Have Them

Brainard said without a digital dollar the proliferation of stablecoins could fragment the payment system.

Lael Brainard, governor of the U.S. Federal Reserve

Markets

Market Wrap: Bitcoin Hits Two-Month High After Late-Day Surge

Bitcoin hits its highest level since mid May and has risen more than 15% over the past week.

Bitcoin 24-hour price chart

Markets

Federal Reserve Keeps Rates Near Zero, Still Sees Inflation as ‘Transitory’

Even while pressure mounts to taper its asset purchases, the central bank will continue its accommodative quantitative easing.

Federal Reserve Chair Jerome Powell speaks Wednesday at a press conference following the conclusion of the central bank’s two-day monetary-policy meeting. (FederalReserve.gov screenshot)

Videos

Financial Experts: Stablecoins Risky Like ‘Wildcat’ Bank Practices of 19th Century

The world of stablecoins could evolve into one reminiscent of the 19th century’s free banking period in the U.S., according to Yale economist Gary Gorton and U.S. Federal Reserve attorney Jeffery Zhang. "The Hash" hosts discuss whether they agree with this assessment of stablecoins, given the historical context of free banking and what government control of the money supply has done.

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