Jerome Powell’s Testimony Puts Bitcoin (BTC) On Bullish Course
The Federal Reserve Chairman Jerome Powell’s pro-inflation stance has led to a bullish surge in the price of Bitcoin. The price surge for Bitcoin (BTC) may have been precipitated by the testimony of Federal Reserve Chairman Jerome Powell to the U.S. Senate, as the chart abruptly transitioned to green. Powell remains uncertain about the direction […]
Jerome Powell Hints At Slower Rate Hike In December
Jerome Powell, the head of the U.S. Federal Reserve , said at the FOMC press conference that the Fed is very committed to limiting inflation. He said that at some point in the future, it will make sense to slow down the rate of rate increases. Powell hinted that rate hikes might slow down over […]
The US Federal Reserve Chairman says the agency is undecided about a digital dollar
The US Federal Reserve chairman Jerome Powell says there is no pressure to rush any central bank digital currency development plans, although, the agency is currently weighing the benefits and cons but is yet to make a decision. Powell announced during a news conference on Wednesday that the Federal Reserve is considering the possibilities of […]
Bitcoin gains about $1,500 in less than an hour on Aug. 26 after Fed Chair Jerome Powell’s “uber dovish” speech
Except for the US dollar, it’s optimistic all around after Fed Chair Jerome Powell’s latest address, with Bitcoin gaining $1,400 in less than an hour. On August 26, Bitcoin (BTC) gained about $1,500 in less than an hour following Federal Reserve Chair Jerome Powell’s “uber dovish” statement. Bitcoin’s price is surging upwards Powell intimated at […]
Fed Chair Jerome Powell believes there is no need for cryptocurrencies
Federal Reserve Chairman Jerome Powell in a statement said, ‘You wouldn’t need cryptocurrencies if you had a digital US currency’ “I think that’s one of the stronger arguments in its favour,” he said. Moreover, the Fed chairman maintains that the US is not in risk of losing its status as the world’s reserve currency. Federal […]