Federal Reserve


Markets

US July Consumer Price Index Rose Slightly Faster Than Expected

A year-over-year gain of 5.4% may reflect an economy that’s still suffering from supply shortages while keeping up with increasing demand.

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Markets

July Jobs Report: US Added 943,000, Beating Expectations

The U.S. unemployment rate fell to 5.4%, a post-pandemic low, from 5.9% in June, according to the U.S. Labor Department's Bureau of Labor Statistics.

MOSHED-2021-6-2-11-29-26

Videos

Fed Could Begin Tapering Bond Purchases Beginning October, Says Fed Governor Waller

According to Fed Governor Christopher Waller, the Federal Reserve could begin reducing its bond purchases as early as October. He cited the need to see consecutive strong job reports in August and September for tightening policy against rising inflation. "The Hash" hosts discuss the implications for the crypto markets and the wider U.S. economy.

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Policy

Fed's Brainard Says US Can't Not Have a CBDC in a World in Which Others Have Them

Brainard said without a digital dollar the proliferation of stablecoins could fragment the payment system.

Lael Brainard, governor of the U.S. Federal Reserve

Markets

Market Wrap: Bitcoin Hits Two-Month High After Late-Day Surge

Bitcoin hits its highest level since mid May and has risen more than 15% over the past week.

Bitcoin 24-hour price chart

Markets

Federal Reserve Keeps Rates Near Zero, Still Sees Inflation as ‘Transitory’

Even while pressure mounts to taper its asset purchases, the central bank will continue its accommodative quantitative easing.

Federal Reserve Chair Jerome Powell speaks Wednesday at a press conference following the conclusion of the central bank’s two-day monetary-policy meeting. (FederalReserve.gov screenshot)

Videos

Financial Experts: Stablecoins Risky Like ‘Wildcat’ Bank Practices of 19th Century

The world of stablecoins could evolve into one reminiscent of the 19th century’s free banking period in the U.S., according to Yale economist Gary Gorton and U.S. Federal Reserve attorney Jeffery Zhang. "The Hash" hosts discuss whether they agree with this assessment of stablecoins, given the historical context of free banking and what government control of the money supply has done.

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Markets

COVID-19 Stimulus Checks Fueled 'Modest' Jump in Bitcoin Price Last Year: Cleveland Fed

Policymakers should not be concerned, the researchers wrote: Only 0.02% of coronavirus-relief checks ended up in bitcoin.

helicopter money

Videos

Fed's Powell Says Stablecoins Need Stricter Regulation

CoinDesk's Nikhilesh De reacts to Fed Chair Jerome Powell's comments to the House Financial Services Committee on the need to regulate stablecoins like bank deposits and money market funds. "The big question now is whether that will lead to any actual concrete regulations beyond just conversation," De said.

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Markets

Jerome Powell: I'm 'Undecided' on the Benefits of CBDCs

The Federal Reserve chair said "the more direct route" would be to regulate stablecoins.

Federal Reserve Chairman Jerome Powell