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Joe Biden Claims Inflationary Pressure ‘Rests With the Federal Reserve,’ Praises the Fed’s ‘Extraordinary Support’ 

On Wednesday, U.S. president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures the American economy is dealing with today. Biden…

Continue ReadingJoe Biden Claims Inflationary Pressure ‘Rests With the Federal Reserve,’ Praises the Fed’s ‘Extraordinary Support’ 

US Congress Votes to Up Debt Ceiling by $2.5 Trillion, What Does it Mean for Bitcoin?

The US government is close to postponing its federal default for at least a year after Congress finally approved a debt limit increase by a whopping $2.5 trillion. With the…

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AOC Says She Doesn’t Hold Bitcoin so the Lawmaker ‘Can Do Her Job Ethically’

Alexandria Ocasio-Cortez, otherwise known as AOC, is a New York representative well known for her political stances and statements. The Democrat believes that it is “absolutely wild” that U.S. representatives…

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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

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

US President Biden Nears Decision to Choose Fed Chair — Reports Indicate Toss-up Between Powell and Brainard

Following the passing of the Biden administration’s infrastructure bill, the U.S. president appears to be nearing his decision on whether or not he will reappoint Jerome Powell, the current Federal…

Continue ReadingUS President Biden Nears Decision to Choose Fed Chair — Reports Indicate Toss-up Between Powell and Brainard

US Faces More Inflation Woes as CPI Hits Highest Record in 30 Years

U.S. inflation continues to roar higher as this week’s data from the consumer price index (CPI) jumped 6.2% from a year ago. Americans are concerned as the Federal Reserve has…

Continue ReadingUS Faces More Inflation Woes as CPI Hits Highest Record in 30 Years