News with the tag "Jerome H. Powell"

In a recent turn of events, Atlanta Federal Reserve President Raphael Bostic hinted at the Fed’s potential decisions on interest rates. According to the Federal Reserve President, the central bank may reduce interest rates twice in 2025. However, he expresses considerable uncertainty about the impac...

The latest interest-rate decision from the FED meeting today is scheduled for 7 p.m. UTC, followed by a speech with Fed Chair Jerome Powell at 7:30 p.m. UTC. Federal Reserve officials will likely cut borrowing costs for a third straight meeting this week, but signal a more cautious approach to futur...

Federal Reserve Chairman Jerome Powell has broken silence on the broad comparison between Bitcoin, Gold and the US Dollar. Speaking at the Dealbook Summit, he revealed that Bitcoin is a speculative asset that has a closer correlation to Gold rather than the US Dollar. Settling the Bitcoin Versus Gol...

The US stock market and Bitcoin price reached record highs on Thursday following the Federal Reserve meeting and it’s decision to cut interest rates and Fed Chair Jerome Powell’s reassuring press conference, where he dismissed concerns about his potential resignation following Donald Trump’s electio...

Bitcoin price shed close to $1,000 during the last hour alone, even though sticking above the $64,000 price mark so the correction in the cryptocurrency market is probably just short-term. It was a relatively big drop before the most awaited speech of the US Federal Reserve Chairman Jerome Powell at...

During a recent congressional hearing, Federal Reserve Chair Jerome Powell has expressed a keen interest in the passing of stablecoin legislation before the year ends. Federal Reserve’s Commitment to Stablecoin Regulation The Chairman of the Federal Reserve, Jerome Powell, has recently come out in s...

Renowned financial educator and author Robert Kiyosaki has reiterated his support for Bitcoin (BTC) following Federal Reserve Chairman Jerome Powell’s recent admission about inflation concerns. In a bold statement, Kiyosaki spotlighted that Powell admitted that inflationary pressures are winning. Mo...

Renowned investor and author Robert Kiyosaki has sparked controversy with his recent declaration that the Federal Reserve is a “criminal organization.” Expressing strong criticism, Kiyosaki noted that trusting Bitcoin (BTC), gold, and silver is better than having faith in the Fed. Robert Kiyosaki Sl...

The crypto market saw an upsurge in prices following the United States Federal Reserve Open Market Committee (FOMC) decision to maintain interest rate steady in the 5.25% to 5.50% range. Adding on to the positive momentum from the last week of October 2023, Bitcoin BTC price and Solana SOL price wer...

Outcome from the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting scheduled for October 31 and November 1, 2023 could likely have a minor impact on the stock prices and the Bitcoin BTC price. Yet, it is the subsequent comments on the US economic outlook in Fed Chair Jerome Powell ...