Fed chair Kevin Warsh is going to assess the bank’s monetary policy before the House Financial Services Committee. The hearing is set for July 14, and only weeks remain till the meeting of the FOMC. Warsh will provide his first assessment of the Federal Reserve’s monetary policy before Congress during
Legislators have passed a bill aimed at pushing housing reforms that feature a temporary ban on a Federal Reserve CBDC. The ban forms one of the many proposals included in the bipartisan bill, the 21st Century Road to Housing Act. The bill seeks to improve affordable housing, boost the supply
Even if Kevin Warsh is now the chairman of the Federal Reserve, Bitcoin has been under pressure below $78,000 because traders are still concentrating on increasing Treasury rates and the low likelihood of short-term rate reduction. Bitcoin and Risk Assets Remain Under Strain Less than 24 hours after being inaugurated
The case had dragged on for five years. The court case involved a vote by the United States Court of Appeals for the Tenth Circuit. The judges declined the case by a vote of seven to three. The case had been Custodia Bank’s last attempt to gain access to a
Kansas City Federal Reserve President Jeff Schmid has made a statement on the hiring pause due to AI. Unemployment rate surged a little in February, and inflation data is yet to be published. If unfavorable, the crypto market could see a divergence to safer alternatives, given that crypto prices are
A move by US Senate Democrats and Republicans to pass a wide-ranging housing bill. They added a new section that prohibits the Federal Reserve from launching a retail central bank digital currency, or CBDC. The section of the bill would prevent the Fed from launching a digital version of the
Austan Goolsbee, President of Chicago Federal Reserve, has forecast more rate cuts. But he has based his forecast on one limit. His forecast comes at a time when the crypto market could possibly use a push for new highs. Gold and Silver as alternatives have so far held their grounds
San Francisco Federal Reserve President Mary Daly has sought to further lower inflation. The statement aligns with the target range of 2%. But, it goes on to raise a question if there will be a rate cut, considering that it affects investment appetite in cryptocurrencies. US markets last closed higher,
Senator Elizabeth Warren has written a letter to the Federal Reserve and the Treasury Department, advising them not to use taxpayer dollars to bail out billionaires involved in the cryptocurrency market. It was stated in the letter that the bailout would be very unpopular with American taxpayers. The bailout may
Kansas City Federal Reserve President Jeffrey Schmid has come out in support of keeping the lending rate unchanged, at least in the next March meeting. He has based his statement on the grounds of the recent job data. It remains to be seen how investors react when allocating their funds
