Auto Added by WPeMatico

US Senator Pat Toomey supports digital dollar, nomination of Powell as Fed chair

“The idea of having a tokenized dollar that is capable of being exchanged on a peer-to-peer basis on a platform where developers can innovate and develop new products and services...…

Continue ReadingUS Senator Pat Toomey supports digital dollar, nomination of Powell as Fed chair

Fed conducted ‘policy sprints’ around crypto assets to address regulatory clarity

Government agencies are planning to adjust compliance standards on existing laws and regulations related to custody services, buying and selling crypto, crypto-collateralized loans, HODLing, and the issuance of stablecoins.

Continue ReadingFed conducted ‘policy sprints’ around crypto assets to address regulatory clarity

After Overseeing the Largest Monetary Expansion in US History Biden Renominates Powell to Lead the Fed

U.S. president Joe Biden revealed his intent on Monday to re-nominate Jerome Powell as the Federal Reserve chairperson. Major indices and stocks gained on the news that Powell will get…

Continue ReadingAfter Overseeing the Largest Monetary Expansion in US History Biden Renominates Powell to Lead the Fed

‘Inflation in the News Driven by Rich People’ — Media Pundits Claim ‘Inflation Is Good’ as Americans Struggle With Less Purchasing Power

Inflation in the U.S. has a large number of Americans worried about the future of their purchasing power as the cost of goods and services has continued to rise faster…

Continue Reading‘Inflation in the News Driven by Rich People’ — Media Pundits Claim ‘Inflation Is Good’ as Americans Struggle With Less Purchasing Power

Federal Reserve Governor Argues Against Subjecting Stablecoins to Full Banking Regulation

Federal Reserve Board Governor Christopher Waller says that stablecoins do not need to be regulated with all the same rules as banks. He disagrees with some of the recommendations on…

Continue ReadingFederal Reserve Governor Argues Against Subjecting Stablecoins to Full Banking Regulation

As the Dollar’s Purchasing Power Drops, Janet Yellen Stresses ‘Pandemic Calls the Shots’ for the Economy, Inflation

Inflation has continued to make the price of goods and services in America rise as the U.S. dollar’s purchasing power is not what it used to be. Meanwhile, the Obama…

Continue ReadingAs the Dollar’s Purchasing Power Drops, Janet Yellen Stresses ‘Pandemic Calls the Shots’ for the Economy, Inflation

Federal Reserve Governors Don’t See Reason to Issue Central Bank Digital Currency

At least three Federal Reserve governors have said that they do not see a reason for the Fed to issue a central bank digital currency (CBDC). The Fed is currently…

Continue ReadingFederal Reserve Governors Don’t See Reason to Issue Central Bank Digital Currency