Amid months of nervous speculation among economy observers about whether or not the U.S. Federal Reserve would order an interest rate cut soon to boost slowing business investments, Fed chairman Jerome Powell showed up in Washington this week to share the central bank’s stance on the latest developments in the U.S. economy. Among many items on the agenda, lawmakers were particularly interested in Powell’s perspective on cryptocurrencies, including Facebook’s new digital coin Libra, which he had previously flagged as needing “thorough and careful” examination. Testifying before the Senate Banking Committee on ... (full story)