On February 2nd, according to Ledgerinsights, Federal Reserve Chairperson Jerome Powell touched on the topic of cryptocurrencies at a press conference after the announcement that interest rates would remain unchanged. He said that banks can provide cryptocurrency services to customers as long as it is done in a safe and sound manner. He added, "We are not opposed to innovation, and we certainly do not want to take actions that would cause banks to terminate fully legitimate customers because of ...
21:00-7:00 Keywords: Tether, Powell, Dogwifhat, Genius Group 1. grey release of the new Dogecoin Trust Fund; 2. Tether: Profit of $13 billion in 2024; 3. Trump crypto project WLFI increased its holdings of 2,972 ETH. 4. Federal Reserve Chairperson Powell will attend a hearing in the U.S. House of Representatives on February 12. 5. A Las Vegas Sphere spokesperson refuted the statement of the deal with Dogwifhat. 6. Genius Group seeks a rights issue of up to $55 million and additional loan financi...
Market news: Federal Reserve Chairperson Jerome Powell will attend a hearing in the U.S. House of Representatives on February 12.
According to market news, Federal Reserve Chairperson Jerome Powell will attend a hearing in the U.S. House of Representatives on February 12.
Economists believe that neither of Powell's two interest rate cut conditions will be met. Click to view...
Powell said the Fed would continue to "work quietly" and was committed to maintaining its independence. In addition, there is still uncertainty about the impact of the new administration on monetary policy. Could a rate cut in March be a bit hanging in the balance?
Powell appears to have allayed concerns about his shift to rate hikes, but it doesn't sound like he's looking for the next opportunity to cut rates either.
The Federal Reserve pressed the pause button to cut interest rates, and Powell made it clear that he was not in a hurry to cut interest rates! OPEC + will discuss Trump's plan to increase U.S. crude oil production, and the London gold market is queuing up to borrow gold... What major events happened in the world last night and this morning?
Federal Reserve Chairperson Jerome Powell told a news conference after the Fed's decision to keep interest rates on hold that he had so far not been in contact with President Donald Trump and declined to comment on Trump's remarks last week that he would ask the Fed to lower interest rates. "I will not make any response or comment on what the president has said and I have not contacted him," he said.
Federal Reserve Chairperson Jerome Powell told a press conference that it is too early to say what President Donald Trump's policies will do and that the Fed will take time to assess what the new government policy regime means. Fed officials are "waiting" for the new president to enact which policies. He said: "We don't know what will happen with tariffs, immigration, fiscal policy and regulatory policy. We will be watching closely what is being implemented. The Fed will not rush to develop a po...
Federal Reserve Chairperson Jerome Powell told a news conference that the cryptocurrency industry could benefit from more regulations governing its behavior. "We're not against innovation, we're not against banks interacting with the cryptocurrency space," he said. "But it would be helpful to have a larger regulator around cryptocurrencies. That would be a very constructive thing for Congress to do." (Kim X)
Fed Chairperson Jerome Powell hinted at a press conference that the central bank still has room to manoeuvre in reducing the size of its balance sheet. He said the banking system was still "well-stocked" and the Fed still had firm control over the federal funds rate. As for when the Fed should stop shrinking its balance sheet, Powell said: "I don't have anything to say about a specific date." (Kim X)
Federal Reserve Chairperson Jerome Powell: Current policy is "substantial" but not "highly" restrictive.
Federal Reserve Chairperson Jerome Powell: Overall financial conditions are slightly accommodative.
When asked whether to cut interest rates in March, Federal Reserve Chairperson Jerome Powell reiterated that there was no need to rush.