Tagged: federal reserve

April 25, 2025 @ 6:04 am By Omar Faridi  |  

The Federal Reserve Board has recently announced the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related “changes to its expectations for these activities.” These actions ensure the Board’s expectations remain “aligned with evolving risks and further support innovation… Read More

April 10, 2025 @ 5:20 pm By Omar Faridi  |  

In a speech delivered at the Federal Reserve Bank of San Francisco, Federal Reserve Governor Michael S. Barr highlighted the transformative potential of bank-Fintech relationships in driving the integration of Generative Artificial Intelligence (GenAI) into the financial services sector. Barr emphasized that the interplay of… Read More

March 20, 2025 @ 6:52 am By Omar Faridi  |  

Yesterday, the US Federal Reserve issued its FOMC statement regarding interest rates and the committee voted to keep benchmark rates exactly the same. The announcement was anticipated by markets, the bigger question is when the next rate cut will take pace. The Federal Reserve noted… Read More

March 17, 2025 @ 6:03 pm By JD Alois  |  

Michelle “Miki” Bowman has been selected to become the Vice Chair for Supervision of the Board of Governors of the Federal Reserve System. Posting on Truth Social, President Trump issued the following statement: “I am pleased to announce that Michelle “Miki” Bowman will be the… Read More

February 5, 2025 @ 5:50 pm By Omar Faridi  |  

FIS (NYSE: FIS), a global financial technology firm, announced it is one of the first providers in the fintech industry “certified” to enable send capabilities for credit transfers in the Federal Reserve’s FedNow instant payment service. The addition of send capabilities and real-time alerts will… Read More

January 29, 2025 @ 3:36 pm By JD Alois  |  

There was little new today emerging from the US Federal Reserve announcement as it decided to hold rates steady, matching market expectations. The Fed decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. The FOMC [Federal Open Market Committee]… Read More

January 29, 2025 @ 9:46 am By Omar Faridi  |  

Bitcoin (BTC), the flagship cryptocurrency, is holding steady around the $100,000 mark as investors await the Federal Open Market Committee (FOMC) meeting. After a modest 3-4% correction on Tuesday (January 28), the leading cryptocurrency rebounded, reflecting cautious optimism among investors ahead of key policy remarks…. Read More

December 21, 2024 @ 3:22 pm By Tony Zerucha  |  

Paused rate cuts and full-blown currency wars await markets and investors in 2025, predicts deVere Group CEO Nigel Green. Investors should prepare for heightened volatility in global markets as much-discussed potential trade wars risk morphing into full-blown currency wars under Donald Trump’s leadership, Green warns…. Read More

December 18, 2024 @ 10:41 pm By Tony Zerucha  |  

As business enters the year-end slowdown, YouHodler executives say there is still plenty to watch in the markets. Chief of Markets Ruslan Lienkha said we are observing a mild correction in major cryptocurrencies and a more pronounced decline among altcoins. It appears to be driven… Read More

November 10, 2024 @ 9:44 pm By Tony Zerucha  |  

Donald Trump’s return to the White House raises concerns that he might seek significant influence over the central bank’s policy decisions, warns deVere Group CEO Nigel Green. Green spoke ahead of Federal Reserve Chair Jerome Powell’s end-of-meeting speech on Nov. 7. “There are fears that… Read More

September 17, 2024 @ 7:58 am By JD Alois  |  

Later this week, the US Federal Reserve, Federal Open Market Committee (FOMC), will reveal how much they will cut benchmark interest rates. This is the first time the Fed will cut rates since 2020. The debate on the rate cut has shifted to whether or… Read More

July 29, 2024 @ 11:29 pm By Michael Wong  |  

The Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) have issued a joint statement highlighting potential risks associated with banks’ partnerships with third parties, particularly Fintech firms. The regulators aim to underscore the importance of effective risk… Read More

July 4, 2024 @ 1:27 pm By Omar Faridi  |  

The former Solicitor General Paul Clement, who had previously represented the Loper Bright fisherman in the SCOTUS Chevron case, has reportedly filed an amicus brief on behalf of the nascent crypto and blockchain sector in Custodia Bank‘s appeal versus the Federal Reserve. Notably, Paul Clement… Read More

April 4, 2024 @ 10:09 am By Omar Faridi  |  

Wyoming-based digital asset bank Custodia will continue its efforts to obtain access to a Federal Reserve master account. Wyoming is a digital asset-friendly jurisdiction. A Federal Reserve master account is an account in which a Reserve Bank allows banks or credit unions to use the… Read More

March 14, 2024 @ 6:56 pm By Omar Faridi  |  

Federal Reserve Financial Services (FRFS) introduced the new FedNow User Group to continue promoting collaboration among the 607 participating financial institutions and their service providers on the FedNow Service network. The FedNow User Group aims to “facilitate regular engagement between FRFS and FedNow participants to… Read More

March 8, 2024 @ 4:47 pm By JD Alois  |  

Yesterday, testifying in front of the Senate Banking Committee, Jerome Powell, Chair of the US Federal Reserve, was asked several questions about a digital dollar or Central Bank Digital Currency (CBDC). Powell first pointed to the fact that most transactions are digital today as consumers… Read More

February 14, 2024 @ 4:37 pm By JD Alois  |  

The Federal Reserve Bank of New York has published a write-up on Buy Now Pay Later (BNPL) services explaining reviewing which consumers select this payment option. Economists and analysts Felix Aidala, Daniel Mangrum, and Wilbert van der Klaauw claim that “more-fragile households” use these services… Read More

October 14, 2023 @ 6:05 pm By Omar Faridi  |  

US Consumer Price Index (CPI) data published Thursday supports the case that the Federal Reserve will likely “implement one more interest rate hike,” says the CEO of one of a financial advisory, asset management and fintech organization. The prediction from Nigel Green of deVere Group… Read More

August 26, 2023 @ 1:05 pm By Omar Faridi  |  

The Federal Reserve Bank’s ongoing efforts to ease inflation by increasing net borrowing costs and then cooling demand for products/services could begin to undermine investments in innovative tech that might make the economy more robust in the long-term. This, according to research released this past… Read More

August 8, 2023 @ 12:31 pm By JD Alois  |  

The Federal Reserve Bank of New York is reporting that household credit card debt is now over $1 trillion. The  Fed, in its quarterly report, noted that total household debt stands at $17.06 trillion, having risen by $16 billion at the end of Q2 2023…. Read More