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Economy
Key Takeaways From Powell’s Testimony to Congress and Implications for the Crypto Industry
Jerome Powell speaks at a House Financial Services Committee hearing today as he continues his semi-annual testimony before Congress. As CoinDesk Managing Editor, Global Policy & Regulation Nikhilesh De reports, at the Senate Banking Committee hearing yesterday Powell addressed questions about inflation, economic inequality and the digital dollar.
US President Biden: ‘I’m Not Cutting the Size of the Checks’ for Fiscal Relief
The comments came after reports the White House was considering reducing the size of its proposed stimulus package.
US Added Fewer Jobs Than Expected in January, Boosting Case for Stimulus
The report will likely influence negotiations over U.S. President Biden’s $1.9 trillion stimulus package over the coming weeks.
First Mover: As Markets Turn Ugly, Bitcoiners Thank Secular Trend
At start of October, bitcoin analysts were bullish, but few would have guessed the cryptocurrency's price could double by the end of 2020.
First Mover: Bitcoin Rally Stalls as 'DeFi Summer' Proves Endless
This year's explosion in decentralized finance, or DeFi, highlighted just how much innovation was happening in digital-asset markets, beyond bitcoin.
First Mover: Geek-Fest Turns Relevant as Bitcoin Passes $21K, $22K, $23K
As bitcoin prices push to new all-time highs, it's worth recalling May's "halving," which highlighted the cryptocurrency's potential inflation resistance.
Federal Reserve Keeps Rates Unchanged, Adds Qualitative Guidance on Pace of Money-Printing
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.
First Mover: Stimulus Tests Bitcoin in Real-Time, and It Passes $20K
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.
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.
