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CATEGORY: fed chair jerome powell

Federal Reserve Chair Discusses De-Dollarization Threat, Risk of US Dollar Losing Reserve Currency Status
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 23, 2023 05:50

Federal Reserve Chair Discusses De-Dollarization Threat, Risk of US Dollar Losing Reserve Currency Status

Federal Reserve Chairman Jerome Powell has discussed the threat of de-dollarization and the risk of the U.S. dollar losing its world’s reserve currency status. He believes that the USD hegemony is a consequence of America’s economic dominance. Fed Chair Powell on Threat of De-Dollarization, USD Losing Reserve Currency Status Federal Reserve Chairman Jerome Powell addressed [...]

The post Federal Reserve Chair Discusses De-Dollarization Threat, Risk of US Dollar Losing Reserve Currency Status appeared first on Crypto Breaking News.

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Fed Chair Powell Says US Government Is on Unsustainable Fiscal Path
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Feb 06, 2024 05:50

Fed Chair Powell Says US Government Is on Unsustainable Fiscal Path

Federal Reserve Chairman Jerome Powell says in the long run, the U.S. federal government is on an unsustainable fiscal path due to its ballooning debt growing faster than the economy. Moreover, the Fed chair cautioned that there will be some banks that have to be closed or merged out of existence. Jay Powell on US [...]

The post Fed Chair Powell Says US Government Is on Unsustainable Fiscal Path appeared first on Crypto Breaking News.

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US Senator Calls for Investigation Into Bank Failures — Says Fed Chair Powell ‘Bears Direct Responsibility’
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 20, 2023 05:50

US Senator Calls for Investigation Into Bank Failures — Says Fed Chair Powell ‘Bears Direct Responsibility’

U.S. Senator Elizabeth Warren has called for a “thorough, independent investigation of the causes” that led to the failure of Silicon Valley Bank (SVB) and Signature Bank. She alleges that Federal Reserve Chairman Jerome Powell “bears direct responsibility” for regulatory and supervisory issues involving the two banks. Senator Elizabeth Warren Calls for Independent Investigation Into [...]

The post US Senator Calls for Investigation Into Bank Failures — Says Fed Chair Powell ‘Bears Direct Responsibility’ appeared first on Crypto Breaking News.

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Federal Reserve Governor Hints at More Interest Rate Hikes
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Aug 08, 2023 02:10

Federal Reserve Governor Hints at More Interest Rate Hikes

Federal Reserve Governor Michelle Bowman says additional interest rate increases will likely be needed to get inflation on a path down to the Fed’s target. “I will also be watching for signs of slowing in consumer spending and signs that labor market conditions are loosening,” the Fed governor added. More Interest Rate Hikes Likely Needed, [...]

The post Federal Reserve Governor Hints at More Interest Rate Hikes appeared first on Crypto Breaking News.

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Federal Reserve Chair Pushes Stronger Measures to Tackle Inflation, Considers Back-to-Back Rate Hikes
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 01, 2023 05:50

Federal Reserve Chair Pushes Stronger Measures to Tackle Inflation, Considers Back-to-Back Rate Hikes

Federal Reserve Chair Jerome Powell has reaffirmed the Fed’s hawkish stance. Noting that the latest economic data indicates that the Fed’s policy “may not be restrictive enough” and “has not been restrictive for long enough,” Powell stated that the central bank could raise interest rates “at consecutive meetings.” Fed Chairman Powell on Rate Hikes Federal [...]

The post Federal Reserve Chair Pushes Stronger Measures to Tackle Inflation, Considers Back-to-Back Rate Hikes appeared first on Crypto Breaking News.

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