Powell

The post Bitcoin Price Surges Towards $62k as Fed Chair Jerome Powell Declares ‘Time for Policy Adjustment’ appeared first on Coinpedia Fintech News Federal Reserve Jerome Powell outlined the Federal Reserve’s next steps for monetary policy in his speech on Friday morning at the Jackson Hole Economic Symposium. This annual event in Wyoming serves as a critical platform for central bankers to discuss potential policy shifts, and Powell’s address could have significant implications for global markets. Investors are particularly eager…

Bitcoin’s (BTC) price rose above $62,000 after Fed Chair Jerome Powell hinted at interest rate cuts on Friday. The chair mentioned this in his Jackson Hole Speech, leading the coin to jump in less than an hour. But will Bitcoin continue to climb? This on-chain analysis reveals the possibility.  This is a developing story… The post Bitcoin (BTC) Price Surpasses $62,000 as Fed’s Powell Suggests Rate Cuts in Jackson Hole Speech appeared first on BeInCrypto.

Bitcoin (BTC) price reacted to Federal Reserve chair Jerome Powell delivering the Semi-Annual Monetary Policy Report to the Senate Banking Committee on Tuesday. The address comes ahead of Thursday’s US Consumer Price Index (CPI) inflation data, which is expected to be a significant market mover this week. Bitcoin Tests $58,000 After Powell’s Fed Update Bitcoin may have to wait until Thursday for a significant reaction to the US macro news, which is one of the four fundamentals investors are watching…

The post Kraken CEO Jesse Powell Donates $1M in Trump Campaign appeared first on Coinpedia Fintech News Jesse Powell, one of the co-founders of the cryptocurrency exchange Kraken, made headlines by donating $1 million in Ether to Donald Trump’s 2024 Presidential campaign.  Though crypto donations are still down, will Trump change crypto’s fate? With industry big bulls’ support, things look promising.  Powell’s $1M Trump Card?  As the campaign gears up, Powell’s $1 million support for Trump is worth noticing, as…

Federal Reserve Chair Jerome Powell reassured the nation, asserting a strong stance against the looming fear of recession, while Bitcoin gains as a hedge. Powell’s confidence stems from analyzing current economic data and trends, disassociating from political influences often cloud economic forecasts. This assertion comes amidst a climate of skepticism toward monetary policy’s role in ensuring long-term economic stability. Recession Is Unlikely This Year Jerome Powell’s declaration aligns with his previous comments, underscoring the Federal Reserve’s commitment to data-driven decisions.…

Just a few days ago, the crypto world was looking with interest at the testimony of Jerome Powell in front of the U.S. Senate. The Chairman of the Federal Reserve appeared in front of the Committee on Banking, Housing, and Urban Affairs on January 11th. The testimony inaugurated the beginning of Powell’s second term leading the Federal Reserve. As the inflation rate appears to pick up in the Western world, many are looking at the Fed to learn about its…