Federal Reserve

First Mover: Federal Reserve, Congress Play Game of Chicken Over Stimulus as Market Lurches

Markets from stocks to bitcoin have groaned amid dimming prospects for more U.S. stimulus, and neither Congress nor the Fed are taking the lead.

By Bradley Keoun, Omkar GodboleSep 24, 2020

Markets

First Mover: Federal Reserve Does What It Wants to Do as Bitcoin Hits $11K

This week's Fed meeting ushered in a new regime for U.S. monetary policy, offering a reminder of just how frequently top officials change the rules.

By Bradley Keoun, Paddy Baker, Sebastian SinclairSep 17, 2020

Federal Reserve Chair Jerome Powell dons reading glasses prior to Wednesday's press conference. (Federal Reserve, modified by CoinDesk)

Markets

Bitcoin Falls Back Below $11K as Markets Doubt Fed's Ability to Boost Inflation

Prevailing doubts over whether the Fed has what it takes to hit its 2% inflation target hit traditional markets and may have contributed to a bitcoin price drop on Thursday.

By Paddy BakerSep 17, 2020

Markets

Federal Reserve Now Targets Inflation Above 2%, Bitcoin Breaks $11K

Federal Reserve officials said Wednesday they would hold U.S. interest rates at close to zero and work to push inflation above 2% "for some time."

By Muyao Shen, Bradley KeounSep 16, 2020

Federal Reserve Chair Jerome Powell speaking at virtual press conference on Wednesday. (Federal Reserve, modified by CoinDesk)

Markets

First Mover: Binance's CZ Doesn't Even Dispute That DeFi Might Be Inevitable

Big crypto exchanges like Binance, Huobi and OKEx are rushing out DeFi platforms to cash in on the fast-growing industry and stanch user defections.

By Bradley Keoun, Muyao Shen, Omkar Godbole, Sebastian SinclairSep 16, 2020

Binance CEO Changpeng "CZ" Zhao says the centralized exchange's BNB tokens might benefit from the decentralization trend.

Markets

All Eyes on Fed Reserve Rate Announcement, as Bitcoin Fights for $11K

With the Fed's decision on rates due later Wednesday, bitcoin traders will be watching the U.S. dollar action.

By Omkar GodboleSep 16, 2020

Bitcoin prices since late Monday (CoinDesk BPI)

Markets

First Mover: Bitcoin Investors the Sane Ones as Federal Reserve Cheers Inflation, Price Nears $11K

Cryptocurrencies' 2020 gains are the truth gauge as markets react to the Federal Reserve's inflation goal, where Zimbabwe is the model of success.

By Bradley Keoun, Omkar Godbole, Sebastian SinclairSep 15, 2020

Crypto investors inverting the gold-price scale is starting to seem like the sane thing to do. (Pixabay, modified by CoinDesk)

Markets

First Mover: As Central Banks Print $1.4B an Hour, Bitcoiners Bet on Federal Reserve 'Capture'

Though no fresh stimulus is expected this week from the Fed, bitcoiners betting on money printing could just wait for the next sell-off in U.S stocks.

By Bradley Keoun, Omkar Godbole, Sebastian SinclairSep 14, 2020

Markets

Let Them Eat Equities! The Economic Chickens Come Home to Roost, Feat. Luke Gromen

One of the best-known macro analysts breaks down last week’s Jerome Powell speech and whether it truly represents a new policy era for the Federal Reserve.

By Nathaniel WhittemoreSep 2, 2020

Policy

Crypto Long & Short: What Changes at the Fed and the SEC Mean for Crypto

Chairman Powell’s speech on Thursday highlighted how much the Fed’s role is changing, and that's an opportunity for the crypto industry.

By Noelle AchesonAug 30, 2020

The Fed's announcement this week might have seemed "meh," but it points to the agency's changing role, and that has big implications for crypto. (Brooks Kraft/Getty Images)