Jerome Powell News and Articles

Last Friday, Fed Chairman Jerome Powell announced the readiness of the American regulator to raise the discount rate if he fails to stabilize inflation at 2%. Over the past few days, the price of bitcoin has decreased by 6%, on Wednesday the coin is trading at around $20,274. The measures of the US...

The Chairman of the Federal Reserve, Jerome Powell believes that digital innovation won't go away, so there is a need for new regulations. In a virtual summit held by the Bank of International Settlements, Powel said that Distributed Ledger Technology and decentralized finance have the potential...

The Federal Reserve System of the USA published a research paper on the digital USD, discovering the currency’s advantages and shortcomings. The establishment said that this is the first step between the system and stakeholders. Originally, the release was expected to be published in the summer...

Fed chair Jerome Powel said that the bank has no plans to prohibit crypto activities like China. Congressman Ted Budd raised the question in terms of a hearing of the House Committee on Financial Services, asking if Fed Plans include banning or limiting the use of crypto. Previously, in July,...

Fed Reserve head Jerome Powell was asked about his opinion about GameStop stock and Dogecoin's growth at the time of a press conference hold on April 28. The subject was if the surge is connected with low rates and simple monetary strategy and how it can influence financial stability. Powel finds...

Fed chair Jerome Powell talked about cryptocurrencies during an online meeting organized by the global financial institution Bank for International Settlements. Powell pointed out the volatile nature of crypto assets, concluding that they can't be a store of value. Hence, he doesn't consider BTC to...

US Federal Reserve chairman Jerome Powell stated that in the following years state-released digital currencies and CBDCs can perform side by side with fiat banknotes. He expressed this view during a virtual payment summit held in Basel, Switzerland. CBDCs are powered by blockchain to reach...