jerome powell

Senate Banking Committee Hears Testimony From Jerome Powell
US Fed Evaluating SEC’s Position on Digital Assets Custody, Powell Says
The SEC’s directive that customers’ digital assets may need to be treated as belonging to an exchange’s balance sheet has banking regulators scratching their heads about how it’ll work.
Senate Banking Committee Hears Testimony From Jerome Powell

(Kevin Dietsch/Getty Images, modified by CoinDesk)
Biden Meets With Powell as Inflation Battle Heats Up
A summer preview of key macroeconomic discussions.
(Kevin Dietsch/Getty Images, modified by CoinDesk)

Bankers are warning the Federal Reserve board about the dangers of launching a digital dollar, just as several new members were sworn in this week. (Drew Angerer/Getty Images)
Wall Street Says a Fed Digital Dollar Spells Destruction for Banks
The U.S. Federal Reserve is considering whether to launch a CBDC like other nations, and bankers argue that’s a dangerous idea.
Bankers are warning the Federal Reserve board about the dangers of launching a digital dollar, just as several new members were sworn in this week. (Drew Angerer/Getty Images)

Luxury brand Gucci has entered the crypto world. (Robert Alexander/Getty Images)
First Mover Asia: Thailand Has Already Proven Why Taking Crypto for Luxury Items Isn't Working
Gucci will begin accepting crypto payments at five stores as part of a wider commitment, but the success of its initiatives is uncertain; bitcoin plummets in Thursday trading.
Luxury brand Gucci has entered the crypto world. (Robert Alexander/Getty Images)

The price of bitcoin (BTC) dropped 7% on Thursday to a two-month low. (Source: TradingView)
Bitcoin Plunges Most in 2 Months Amid Stock Market Sell-off
Bitcoin dropped more than 7% on Thursday. The decline was in line with a broad fall in the prices of stocks and bonds.
The price of bitcoin (BTC) dropped 7% on Thursday to a two-month low. (Source: TradingView)

India Parliament building (Unsplash)
First Mover Asia: Events in China, India Have Also Weighed on Crypto Prices
Investors may have been focusing on U.S. interest rate hikes and the economic fallout of Russia’s Ukraine invasion, but bitcoin has been subject to other headwinds; cryptos soar post-rate hike.
India Parliament building (Unsplash)

Federal Reserve chair Jerome Powell at a press conference following the Fed's decision on May 4, 2022. (Source: Wall Street Journal)
Fed Hikes Rate at Fastest Pace in 22 Years, Will Start Shrinking Balance Sheet
The central bank is taking a hawkish stance as inflation is running at its highest level in four decades.
Federal Reserve chair Jerome Powell at a press conference following the Fed's decision on May 4, 2022. (Source: Wall Street Journal)

Federal Reserve Chair Jerome Powell on a panel hosted by the International Monetary Fund on April 21, 2022. (IMF)
Fed's Powell Says 50 Basis Point Hike ‘On the Table’
The Federal Reserve chair spoke on a panel about the global economy presented by the International Monetary Fund.
Federal Reserve Chair Jerome Powell on a panel hosted by the International Monetary Fund on April 21, 2022. (IMF)

Crypto investors may be in for rough sailing as interest rates rise. Charles Turner's "A Shipwreck," 1805, from the collection of the Art Institute of Chicago.
Will Rising Interest Rates Sink the Crypto Ecosystem?
Competition for capital is clobbering speculative investments like tech stocks. Digital assets have held up comparatively well – so far.
Crypto investors may be in for rough sailing as interest rates rise. Charles Turner's "A Shipwreck," 1805, from the collection of the Art Institute of Chicago.