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Economist Mohamed El-Erian Says Fed’s Characterization of Inflation as ‘Transitory’ the ‘Worst Call in History’ 

On Monday, December 13, following Friday’s U.S. consumer price index report published by the Bureau of Labor Statistics, Americans are discussing the Federal Reserve. Thousands of tweets concerning the Federal…

Continue ReadingEconomist Mohamed El-Erian Says Fed’s Characterization of Inflation as ‘Transitory’ the ‘Worst Call in History’ 

Bitcoin price slips below $47K as stocks, crypto prepare for this week’s FOMC meeting

BTC, altcoins and stocks sharply sold-off as pressure builds ahead of this week’s FOMC meeting and the possibility that the Fed will taper its easy-money policies.

Continue ReadingBitcoin price slips below $47K as stocks, crypto prepare for this week’s FOMC meeting

Inflation Plagues American Economy: US Consumer Prices See Fastest Rise in Close to 40 Years

The consumer price index (CPI) data released Friday by the U.S. Bureau of Labor Statistics show prices in the United States climbed 6.8% in November compared to 12 months ago.…

Continue ReadingInflation Plagues American Economy: US Consumer Prices See Fastest Rise in Close to 40 Years

Pantera Capital CEO: Bitcoin Is Not a Ponzi Scheme, Bond Markets Are

Dan Morehead – Chief Executive Officer of Pantera Capital – said the controversial monetary policies, which the US government enforced, could create bubbles in the financial system. In his view,…

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Huobi Research Report ‘Taper Landed’ Paints Bleak Picture for Cryptocurrency Assets

A report issued by the Huobi Research Institute, the investigative arm of the Asian exchange, examines the effect that upcoming changes of U.S. Federal Reserve policy could have on the…

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Fed’s Quarles says regulators should show ‘constraint’ on stablecoins to avoid hampering innovation

Quarles said some of the approaches on stablecoin regulation from the President's Working Group on Financial Markets’ November report are unnecessary.

Continue ReadingFed’s Quarles says regulators should show ‘constraint’ on stablecoins to avoid hampering innovation

Biden is considering law professor, Fed president, and former CFPB director to fill 3 seats on Federal Reserve: Report

Fed governor Randal Quarles resigned his position effective as of the end of December, while Richard Clarida is expected to leave in January 2022, leaving three vacancies in the group…

Continue ReadingBiden is considering law professor, Fed president, and former CFPB director to fill 3 seats on Federal Reserve: Report