Powell testifies crypto ‘appears to have some staying power’ in U.S. economy
Federal Reserve Chair Jerome Powell said at a recent Congressional hearing that he thinks digital assets are showing sustainability as an asset class in the U.S.
Policy
J.P. Morgan head on launch of investment data solutions for investors: ‘We are pleased to work with our providers to deliver a unique and transformative solution’
J.P. Morgan Securities Services has launched its Sustainable Investment Data Solutions for institutional investors, available through Fusion by J.P. Morgan.
Cryptocurrency insider on Binance lawsuit: SEC set to “prosecute specious claims”
Binance, the world’s leading cryptocurrency exchange, is pushing back against allegations of illegal operations in the U.S. by the Securities and Exchange Commission (SEC).
Todar: SEC suing Binance ‘undermines the freedom and innovation of cryptocurrencies’
Ben Todar, notable crypto commenter, successful entrepreneur and CEO of a blockchain-based gaming ecosystem, said the lawsuit against Binance, the largest crypto exchange in the world, sparks concerns that the…
Nistor: ‘I am thrilled at the opportunity to join the New York Fed’
The Federal Reserve Bank of New York appointed Mihaela Nistor the chief risk officer and head of the risk group, serving in the role as a member of the bank’s…
Bank of England takes measures against inflation with interest rate hike: “It is our job to get it all the way down to the 2% target”
In an announcement on Thursday, 11 May 2023, the Bank of England’s Governor, Andrew Bailey, detailed a 0.25 percentage point increase in the Bank Rate, bringing it up to 4.5%.
SBA Finalizes Rules to Bridge Capital Access Gaps for Underserved Small Business Communities
The U.S. Small Business Administration (SBA) has finalized two rules aimed at addressing gaps in access to capital for small business owners in underserved communities, in line with the Biden-Harris…
Cleveland Fed President Urges Prudence Amid Progress in the Economy
The President and Chief Executive Officer of the Federal Reserve Bank of Cleveland, Loretta J. Mester, spoke at the Akron Roundtable Signature Series on April 20th, highlighting the progress made…
Treasury’s Nelson on recent OFAC sanctions: ‘Illicit fentanyl is responsible for the deaths of tens of thousands of Americans each year’
The U.S. Department of the Treasury recently announced sanctions for agents that supplied precursor chemicals to Mexican drug cartels that would use them to produce illicit fentanyl intended for U.S.…
ECB raises interest rates: ‘Underlying price pressures remain strong’
The European Central Bank (ECB) announced a 25 basis point increase in its three key interest rates to combat the ongoing high inflation pressures in the euro area.
Powell: “Without price stability, the economy does not work for anyone”
The Federal Reserve raised its policy interest rate by a quarter percentage point May 3, citing the need to address high inflation and achieve price stability.
US Treasury Secretary Yellen Sounds Alarm on Debt Limit, Calls for Prompt Congressional Action
U.S. Treasury Secretary Janet L. Yellen has sent a letter to Congressional leaders, urging them to act promptly to raise or suspend the debt limit.
Federal Reserve: ‘FedNow is not related to a digital currency’
The Federal Reserve plans to launch its live transactions service, FedNow, in July. The Fed addressed some frequently asked questions about the new system on Twitter and said FedNow is…