February 24, 2021

Fed chair says it’s up to Congress to bring a digital dollar to market

In a House Financial Services Committee hearing, Powell responded to questions from Rep. Patrick McHenry, who said the digital dollar would likely face national and economic […]
February 24, 2021

All of the Federal Reserve’s wire and ACH systems go down

According to the Federal Reserve Bank Services website, the bank is currently experiencing a disruption in its Check 21, Check Adjustments, FedLine Advantage, FedLine Command, FedLine […]
February 21, 2021

Bitcoin’s Rise Should Make Regulators Ask if the Fed’s Policies Have a Hand in It: WaPo

While dismissing the possibility of bitcoin (BTC) displacing the U.S. dollar’s reserve status, at least for now, for policy makers, “the best reason to focus on […]
December 27, 2020

Fed’s Powell Wins Forbes’ Crypto Person of the Year Honors; Do They Give Awards for Snark?

According to Coindesk, because Powell’s Fed efficiently printed more than $3 trillion in new money, nearly doubling the central bank’s balance sheet in the process, it […]
November 24, 2020

Biden plans to nominate Janet Yellen for Treasury secretary

According to a Wall Street Journal exclusive published on Nov. 23, Joe Biden team plans to nominate former Federal Reserve Chairwoman Janet Yellen to become the […]
November 14, 2020

Boston Fed research director says Privacy should be at the core of CBDCs

Robert Bench, who is the Federal Reserve Bank of Boston’s director of applied research, thinks privacy should be a focus during the creation of digital money. […]