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Presidents of regional Federal Reserve banks typically serve 5-year terms and Bostic’s will expire in February 2026. Raphael Bostic, Atlanta Fed President, Confirms February Resignation The leadership lineup at the Federal Reserve will go through another change come February 2026 after Atlanta Fed President Raphael Bostic on Wednesday, announced his departure from the regional branch. … Read more
The controversy stems from a Fed renovation project that went over budget, but many suspect it may be a covert tactic designed to push Jerome Powell out of the central bank. Did Jerome Powell Commit Perjury? Lawmakers Demand Accountability Florida Republican Anna Paulina Luna accused Federal Reserve Chairman Jerome Powell of perjury in a Thursday … Read more
U.S. markets face a potential triple hit as inflation risks, tariff threats, and flawed fiscal policy converge, setting the stage for a brutal asset-wide selloff. Sharp Selloff Across US Assets Likely, Schiff Warns of Economic Fallout A looming resurgence of trade tensions and inflationary risks could trigger renewed volatility in U.S. markets, pressuring equities, bonds, … Read more
Why are central banks looking at blockchains? Central banks are tiptoeing into the world of blockchain not because it is fashionable but because every part of the money-making machine, from settlement rails to asset custody, is slowly being rewritten as code. The financial industry is already tokenizing money-market funds, Treasurys and even bank deposits. According … Read more
James O’Beirne, a Bitcoin Core developer, has raised concerns about the state of Bitcoin’s security budget and how its ongoing erosion might jeopardize what he refers to as ‘property rights.’ O’Beirne emphasized that there is little time to address this issue. Bitcoin Core Developer James O’Beirne Warns About Possible Erosion of Bitcoin ‘Property Rights’ as … Read more
Russian Finance Minister Anton Siluanov believes that the policies of the US and its Western allies are affecting the role of the U.S. dollar as a reserve currency. Siluanov stated that while the U.S. dollar will remain popular, the BRICS bloc will develop a solution using digital financial assets to replace it. Russian Finance Minister … Read more
In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures data suggests that a half-point reduction is currently viewed as more probable than … Read more
JPMorgan Chase CEO Jamie Dimon has downplayed the significance of Federal Reserve rate cuts, emphasizing that broader economic forces are at play. He cautioned against focusing too much on the type of economic landing. “Honestly, most of us have been through all that stuff, it doesn’t matter as much,” said the JPMorgan executive. Jamie Dimon: … Read more
On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to the Federal Open Market Committee (FOMC) press release, the central bank remains focused on reaching … Read more
As digital economies evolve, stablecoins emerge not just as mere facilitators for crypto trading but as pivotal tools in global financial systems. A comprehensive report by Castle Island Ventures and Brevan Howard Digital, sponsored by Visa, unveils the profound impact of stablecoins on monetary dynamics worldwide. Transforming Global Finance: The Rising Influence of Stablecoins According … Read more
