Federal Reserve


Markets

US CPI Report Shows April Inflation Faster Than Expected, Highest Since 2008

Nearly all major components of the CPI increased in April, a sign that pent-up demand is fueling a rebound in economic mobility.


Policy

State of Crypto: Gary Gensler's Regulatory Clarity Sounds Awfully Familiar

Gary Gensler said Congress should provide clarity around crypto exchange regulation. A 2020 bill sought to do just that.

SEC Chair Gary Gensler suggested Congress could grant a federal regulator oversight authority over crypto exchanges during a Congressional hearing last week.

Videos

Former Fed Regulator Michael Hsu Appointed Acting Comptroller of the Currency

Treasury Secretary Janet Yellen appointed Michael Hsu, a former Federal Reserve banking regulator, as Acting Comptroller of the Currency. CoinDesk’s Nikhilesh De on what we know about Hsu’s background and what his appointment might mean for the crypto sphere.

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Markets

Crypto Now Viewed by Some as a Threat to Financial Stability, Fed Survey Finds

The Fed's own staffers didn't mention cryptocurrencies as a risk to financial stability, but market participants did.

Federal Reserve Chair Jerome Powell

Videos

Federal Reserve Proposes Guidelines for ‘Novel’ Banks to Access Fed Payments

The Federal Reserve is developing guidelines that would, if passed, provide crypto banking companies like Avanti access to the federal payments system. CoinDesk’s Nik De breaks down the significance of the proposal. Plus, a discussion of the IRS’s recent “John Doe” summons on Kraken.

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Markets

US Federal Reserve Proposes Guidelines for ‘Novel’ Banks That Want Access to Fed Payments

The guidelines would have a direct bearing on Wyoming special purpose depository institutions that want access to Fed payments, said U.S. Sen. Cynthia Lummis.

The Federal Reserve building in Washington, D.C.

Markets

Bitcoin Bounces Back to $55K as Yellen Backtracks on Rate Hike Comments

"Rate hikes are not something I'm predicting or recommending," Yellen later said.

U.S. Treasury Secretary Janet Yellen

Markets

Crypto Long & Short: Bitcoin's Potential as a Collateral Class

Signs point to a new avenue of growth for crypto-backed lending.

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Videos

Fed Chair Powell Says Dogecoin, GameStop Symbolize Some Froth in Stock Markets

In response to a question about the GameStop and Dogecoin frenzies at a press conference, Federal Reserve Chairman Jerome Powell said there's "a bit of froth" in the equities market. "The Hash" panel discusses what Powell's comments mean for the markets, how inflation will impact crypto, and why many young people are turning to day-trading.

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Videos

The Fed Reserve Keeps Interest Rates Near Zero; Powell Calls Markets "Frothy"

Federal Reserve Chair Jerome Powell described the markets as "frothy" Wednesday and indicated that low federal interest rates, along with high rates of Covid-19 vaccinations, are driving the markets. Nik De reviews Powell's remarks as well as President Biden's and how they are being received in the crypto industry.

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