“It is difficult to predict the persistence and effects of supply constraints, but it now appears that factors pushing inflation upward will linger well into next year,” Powell said. “In addition, with the rapid improvement in the labor market, slack is diminishing, and wages are rising at a brisk pace.” Source link … [Read more...] about Bitcoin Turns Lower as Fed Chair Suggests Inflation No Longer ‘Transitory’
Chair
ASIC chair Longo calls the growing demand for crypto ‘impossible to ignore’
Joe Longo, chair of the Australian Securities and Investments Commission, or ASIC, spoke at the Australian Financial Review Super and Wealth Summit on Monday at the Fullerton Hotel in Sydney. The rise of crypto, he said, has been “nothing short of phenomenal, and impossible to ignore.” As a corporate and markets regulator, Longo admitted to a certain fascination with … [Read more...] about ASIC chair Longo calls the growing demand for crypto ‘impossible to ignore’
Biden Renominates Powell as Fed Chair, Appoints Brainard Vice Chair
U.S. President Joe Biden has re-nominated Powell as the next Federal Reserve chair, after much speculation that Fed Governor Lael Brainard could replace him to lead the central bank for the next four years.Biden appears to have gone with the candidate who was better known to investors, while providing economic policy continuity. Powell helped to steer the world’s biggest … [Read more...] about Biden Renominates Powell as Fed Chair, Appoints Brainard Vice Chair
First Mover Asia: Bitcoin Continues Its Drift Below $60K as Investors Eye Shoppers’ Response to Inflationary Pressures, Biden Pick for Fed Chair
Good morning. Here’s what’s happening this morning:Market moves: Bitcoin continues to drift below $60,000 as Biden tees up his pick for Federal Reserve chair.Technician’s take: Momentum is still positive on a weekly basis, which is consistent with a bullish uptrend.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and … [Read more...] about First Mover Asia: Bitcoin Continues Its Drift Below $60K as Investors Eye Shoppers’ Response to Inflationary Pressures, Biden Pick for Fed Chair
CFTC Acting Chair: ‘Nearly 60%’ of Cryptos Are Commodities
This episode is sponsored by NYDIG.Download this episodeOn today’s episode, NLW does an extended brief, covering:The CFTC Chair arguing for more power to regulate cryptoComments from the FDIC chair saying that banks need to be allowed to participate in crypto marketsThe latest CBDC efforts from Europe and NigeriaBakkt hooks up with MastercardA bitcoin ETF news roundupRobinhood … [Read more...] about CFTC Acting Chair: ‘Nearly 60%’ of Cryptos Are Commodities