Jerome Powell


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Fed's Powell: 'Overarching Focus' Is Reducing Inflation

The U.S. Federal Reserve on Wednesday raised interest rates by 50 basis points, or half a percentage point, as it continues to slow the economy and moderate price increases. "Our overarching focus is to use our tools to bring inflation back down," Federal Reserve Chair Jerome Powell said.

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Bitcoin Pares Gains as Federal Reserve Slows Rate Hikes

The U.S. Federal Reserve is raising interest rates by a half percent, as expected. Fed Chair Jerome Powell has signaled that the terminal rate, the peak rate for the current hiking cycle, is expected sometime next year. Bitcoin dropped below $18,000 on the news. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Consensus Magazine

El que no debería tener impacto en las Cripto

Las Cripto aspiran a funcionar sin supervisión monetaria, pero este año el presidente de la Reserva Federal de EE. UU. demostró lo lejos que está de la realidad este objetivo en un momento de altas tasas de interés. Por eso, una vez más, Jerome Powell es ONE de los más influyentes de CoinDesk en 2022.

Jerome Powell (Will Ess for Pixelmind.ai/CoinDesk)

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No ‘Brake’ for the Fed

Data shows that prices may not ease as quickly as expected. That may mean the Federal Reserve won’t back off from raising interest rates anytime soon. Higher rates tend to weigh on risky assets like bitcoin and other cryptocurrencies. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Vídeos

Powell’s Puzzle

U.S. financial conditions are easing. That’s putting more pressure on Fed Chief Jerome Powell to temper the expectations of investors who sent the prices of risky assets like cryptocurrencies higher on Wednesday in anticipation of lower rate hikes, as they downplay Powell’s comments that fighting inflation is still the Fed’s priority. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Mercados

El informe de empleo de noviembre se publicará el viernes, mientras Powell de la Fed confirma un ritmo más lento de subidas de tipos.

Se espera que el informe de empleo de noviembre muestre una desaceleración considerable en la contratación, pero el mercado laboral sigue demasiado ajustado, según el presidente del banco central.

(Chalirmpoj Pimpisarn/Getty Images)

Vídeos

Bitcoin Crosses $17K for First Time in 2 Weeks

Umee founder and CEO Brent Xu discusses his outlook for bitcoin as the cryptocurrency climbs above $17,000 for the first time in two weeks and U.S. Federal Reserve Chair Jerome Powell says interest rate hikes are likely coming in December.

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Vídeos

Rate Hikes Might Slow Beginning December, Says Fed Chair Powell; Casa to Add Ethereum Support

The U.S. Federal Reserve will likely raise interest rates by another 50 basis points in December, Fed Chair Jerome Powell implied Wednesday. Popular Bitcoin self-custody firm Casa is adding Ethereum support to its platform. Messaging app Telegram has sold $50 million in usernames in less than a month through its blockchain-based auction platform, Fragment.

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Mercados

Es probable que la Reserva Federal suba las tasas en 50 puntos básicos en diciembre; Bitcoin sube

El presidente de la Reserva Federal, Jerome Powell, dijo que "tiene sentido moderar el ritmo de nuestras subidas de tipos" ya en diciembre.

Federal Reserve Chair Jerome Powell (Helene Braun/CoinDesk)