Federal Reserve


Markets

Fed Chair Jerome Powell's Hawkish Comments Throw Some Cold Water on Crypto

A December rate cut from the U.S. central bank might not be as sure of a thing as previously thought.

Federal Reserve Chair Jerome Powell (Anna Moneymaker/Getty Images)

Policy

Senior Federal Reserve Official Who Blasted Bitcoin Now Says He'll Have an Open Mind

Minneapolis Federal Reserve President Neel Kashkari, who previously called the cryptocurrency industry "worthless" and "nonsense," still isn't an uber-bull, though.

Minneapolis Federal Reserve Bank President Neel Kashkari, who continues to have doubts about the real-life use cases of crypto, said he will keep an open mind. (Roy Rochlin/Getty Images)

Markets

Ether Blows Past $3K, Builds Bullish Momentum After Trump's Election Win and Fed Rate Cut

ETH is on track to register its biggest weekly since May, but remains well below its record high.

Ether's price. (TradingView/CoinDesk)

Markets

Fed Cuts Rates by 25 Basis Points, Bitcoin Price at Record as Powell Says Trump Win Has 'No Effect' on Policy

Fed Chair Jerome Powell's speech later today could shake up markets as he will face questions about the central bank's outlook on monetary policy and inflation after Donald Trump's decisive win in the U.S. presidential election.

U.S. Federal Reserve Chair Jerome Powell testified that a U.S. CBDC isn't in the near future, and he said the Fed wouldn't design one to spy on Americans (screen capture, Senate Banking Committee video)

Markets

Bitcoin Fed Preview: Powell's Take on 'Trump Tariffs' Could Shake Markets as 25bp Rate Cut is a Foregone Conclusion

A 25-basis point Fed rate cut will likely be a non-event, and markets will be interested in what Powell thinks of President-elect Donald Trump's inflationary policy cocktail of loose fiscal policy and import tariffs.

Screen grab from Trump's teaser of the new World Liberty Financial crypto company (Rug Radio, modified by CoinDesk using PhotoMosh)

Opinion

The Fed Is the Wrong Regulator for Stablecoins

The U.S. central bank would be conflicted overseeing stablecoins, because they compete with the Fed's payments infrastructure and with potential CBDCs.

WASHINGTON, DC - SEPTEMBER 17: A statue of an eagle is seen on the Federal Reserve building on September 17, 2024 in Washington, DC. Federal Reserve Chairman Jerome Powell will hold a news conference tomorrow and make an announcement pertaining to interest rates. (Photo by Anna Moneymaker/Getty Images)

Markets

U.S. September CPI Disappoints, Rising a Faster Than Expected 0.2%

Bitcoin fell, with the news likely to further raise the odds of a Fed pause at the its next policy meeting in November.

U.S. inflation data for September was released Thursday morning (Frank van Hulst/Unsplash)

Markets

Uptrend in Bitcoin's Dominance Rate Threatened by Fed Rate Cut Cycle, Crypto Asset Manager Says

Per SwissOne Capital, the BTC dominance rate and the U.S. interest are positively correlated.

(sergeitokmakov/Pixabay)

Markets

Bitcoin Dips Below $61K, Ether Slips 3% as Some PlusToken China Ponzi-Related Coins Moved to Exchanges

One observer noted 7,000 PlusToken-related ETH transferred to crypto exchanges on Wednesday, raising concerns about potential selling pressure.

Bitcoin price on 10 09 (CoinDesk)

Markets

The Notion of Aggressively Dovish Fed Fades as U.S. Inflation Report Looms

Bitcoin is struggling to gain upside traction as a hawkish rethink of Fed interest-rate policy raises Treasury yields and strengthens the dollar.

(Jesse Hamilton/CoinDesk)