New Federal Reserve ‘Qualitative’ Approach Could Push Further Into Experimental Realm
"Qualitative" is the new "quantitative" as economists predict the Federal Reserve will move to add subjectivity to its rules on money printing.
This year's explosion in decentralized finance, or DeFi, highlighted just how much innovation was happening in digital-asset markets, beyond bitcoin.
As bitcoin prices push to new all-time highs, it's worth recalling May's "halving," which highlighted the cryptocurrency's potential inflation resistance.
At start of October, bitcoin analysts were bullish, but few would have guessed the cryptocurrency's price could double by the end of 2020.
The Federal Reserve said Thursday said it would hold U.S. interest rates at their current level, close to zero, and added qualitative criteria to govern how long it will keep up its $120-a-month bond-buying program.
Bitcoin has climbed as more big investors said it might serve as a hedge against inflation. On Wednesday prices crossed $20K for the first time.