The Senator of the United States, Elizabeth Warren, has warned that the announcement of Donald Trump to terminate Federal Reserve Chair Jerome Powell, could cause a crash in the financial markets of the state. Powell faced severe criticism from Trump, along with the accusation of being politically biased. Mr. President
The web3 community has been meeting at a multitude of events this month. As the sector buzzes with activity, regulatory actions have also remained on the upside similar to March. However, prices continue to resist the snag they hit since the Tariff commotion. Notably, in the last 24 hours, the
The U.S. Federal Reserve kept the interest rates unchanged on Wednesday, maintaining the benchmark lending rate within the range of 4.25% to 4.50%. Fed Chair Jerome Powell underlined that the policymakers are in no rush to lower rates. Besides, he stated that any adjustments would depend on further improvements in
Michael Barr, the Federal Reserve’s vice chair for supervision, announced he will step down from his role on February 28, 2025, in a move that will allow President-elect Donald Trump to appoint a new banking regulator. Barr’s resignation ends a four-year term that was set to last until 2026. However,
Today, the global crypto market is flooding with bloodbath as Bitcoin (BTC) has seen a major shake-up, dropping to the $98K zone. This downturn comes after Federal Reserve Chair Jerome Powell stated that the Fed is “not allowed to own Bitcoin” and ruled out any plans to change the laws
President-elect Donald Trump has publicly expressed his support for Federal Reserve Chair Jerome Powell, despite their historically tumultuous relationship. Trump confirmed in an exclusive interview with Kristen Welker on Meet the Press that he has no plans to replace Powell, whose term as chair extends until May 2026. When pressed
The Asian side of the world woke up to the crypto market’s slight dip in prices. However, on a positive note, prices have steadied their position in the bull run after recent rallies. This clears the path for more progressive growth in the coming days. Meanwhile, turning eyes to major
The cryptocurrency market gears up for a crucial week; all eyes are on the upcoming FOMC interest-rate decision from the US Federal Reserve—set for November 7. This announcement is highly anticipated, as it could significantly impact market sentiment and outline the future of Bitcoin (BTC) and other altcoins. Current predictions
The Federal Reserve Bank of Minneapolis has recently proposed that governments should ban or tax Bitcoin. This recommendation aims to help maintain permanent budget deficits. In a working paper published on October 17, the Minneapolis Fed highlighted that Bitcoin complicates fiscal policy. Specifically, the Fed argues that Bitcoin creates a
Inflation in the United States came in at 1.8% in September, according to the long-awaited Producer Price Index (PPI), when market forecasts had it at 1.6%. Inflation is on the rise, and investors are worried about what it may mean for Bitcoin and other cryptocurrencies in light of recent US
