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Powell says the Federal Reserve is tracking crypto market volatility 'very closely'
Jerome Powell, chairman of the Federal Reserve, told a Senate committee Wednesday that officials at the US central bank are watching the crypto market closely amid a period of heightened volatility. Powell's comments came in response to a question from Senator Kyrsten Sinema (D-AZ) about the impact of recent crypto market volatility on the Fed's operations, including any macroeconomic implications. Powell said the Fed is watching the ongoing situation "very carefully" but added that the US central bank is "not really seeing significant macroeconomic implications, so far." "But I think the principle implication is ... (full story)
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From cointelegraph.com|Jun 22, 2022It was first reported before Christmas that Wyoming Senator Cynthia Lummis planned to introduce a comprehensive crypto regulation bill. The Republican Lummis was already known for ...
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From @LiveSquawk|Jun 22, 2022|2 commentstweet at 11:51am: Fed's Powell On 100Bps Rate Hike, Says ‘Will Never Take Anything Off The Table’ - Will Make ‘Whatever Moves Needed’ To Restore Price Stability tweet at 11:53am: Fed's Powell: Not Seeing Compelling Evidence Of Inflation Coming Down - More Progress Needed On Core PCE tweet at 11:53am: Fed's Powell: ‘I Don't See Likelihood Of Recession As Particularly Elevated Right Now’
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From @tier10k|Jun 22, 2022tweet at 11:37am: [DB] Powell: Need better regulation for crypto tweet at 11:40am: Fed's Powell on cryptocurrency blowout: "We are tracking those events very carefully," but so far, are "not really seeing significant macroeconomic implications” from the trouble there. tweet at 11:57am: FED'S POWELL WORLD OF STABLECOINS DOESN'T HAVE REGULATORY SCHEME THAT IT NEEDS TO #News #Forex #POWELL tweet at 11:59am: FED'S POWELL Q&A: REGULATORY OVERSIGHT OVER DIGITAL ASSETS NEEDS TO BE SORTED OUT; AN AREA WHERE CONGRESS WORKING TO REGULATORY FRAMEWORK #Powell #FederalReserve #stablecoin #cryptocurrency tweet at 12:00pm: FED'S POWELL Q&A: WORKING WITH FDIC AND OCC ON CRYPTO OVERSIGHT BUT ULTIMATELY NEED REGULATORY FRAMEWORK FROM CONGRESS; Q&A ENDED #Powell #FederalReserve #stablecoin #cryptocurrency
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From decrypt.co|Jun 22, 2022It must be a bear market if Bitcoin mining companies, usually the ultimate HODLers, have started selling their stashes. Publicly traded Bitcoin miners, like Marathon Digital and ...
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From @DeItaone|Jun 22, 2022tweet at 2:01pm: *BARKIN: DON’T SEE CONTAGION PROBLEMS LINKED TO CYPTO SO FAR
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- Posted: Jun 22, 2022 12:52pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 99
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