Tagged: jerome powell

CBDC: US House Representatives Ask Federal Reserve to Consider Issuing a National Digital Currency

Two US lawmakers have asked the Federal Reserve to consider issuing a digital version of the US dollar (or Central Bank Digital Currency – CBDC).  Rep. Bill Foster (D-III.) and Rep. French Hill (R-Ark.) have submitted a letter to Federal Reserve Chairman Jerome Powell in… Read More

Fed Chair Powell Peppered with Questions on Facebook’s Libra at House Financial Services Committee Hearing

The House Financial Services Committee welcomed Fed Chair Jerome Powell today to share his perspective on the state of the US economy and his opinion on the effectiveness of monetary policy. While Powell’s prepared remarks kicked off a bit of a rally on Wall Street… Read More

Inside the Beltway: July is a Busy Month for Fintech in DC

Tomorrow, the Federal Reserve Chair Jerome Powell will spend a good amount of time in front of the House Financial Services Committee. The following day, Powell will experience a similar round of questions at the Senate Banking Committee. Powell is certain to endure a standard… Read More

Federal Reserve Chairman Jerome Powell Comments on Libra Crypto at FOMC Press Briefing

Following today’s FOMC meeting where the US Federal Reserve announced no change in interest rates at this time, Fed Chair Jerome Powell was asked a question about crypto. In the Q&A session that typically accompanies the FOMC statement, one reporter asked Powell if he was… Read More

President Trump Selects Jerome Powell as Federal Reserve Chair

As widely predicted, President Donald Trump selected current Federal Reserve Governor Jerome “Jay” Powell as the incoming Chair of the US Central Bank. Powell will replace current Fed Chairman Janet Yellen this coming February, if approved by the US Senate. Powell has been broadly lauded… Read More

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