NYCB's stock prices fluctuated wildly amid the impending conclusion of the Federal Reserve's banking bailout program. Following a sharp decline on Wednesday, shares rebounded swiftly, propelled by the announcement of a $1 billion investment. Former Treasury Secretary led the capital injection. The conclusion of the bailout program signifies banks will face greater challenges ahead.
Cheng YuanThe Federal Reserve chair said that payment stablecoins are money, and that the central bank should play a role in approving their issuance in the U.S. A top House Democrat sounded skeptical of the current draft bill to create a comprehensive framework for stablecoins.
TheBlockPowell said the Fed’s decisions must remain independent from political influence, but that privilege comes with responsibility.
BeincryptoThe Federal Reserve continued its battle against inflation by raising its benchmark interest rate to the highest level in 15 years.
OthersThe Fed raised raising interest rates by another three-fourths of a percentage point and pushing borrowing costs to the highest level since the Great Recession.
OthersThe Federal Reserve (Fed) Vice Chair Lael Brainard was part of an event to test their upcoming instant payment system, ...
BitcoinistOne of the crypto winter catalysts was the Federal Reserve's announcement of a rate increase to curb inflation, taking the ...
BitcoinistWhat will happen to the crypto markets when quantitative tightening takes full effect and the Federal Reserve shelves the money printer?
CointelegraphIn a 52–43 vote on the Senate floor on Tuesday, U.S. lawmakers confirmed Lael Brainard as vice chair of the Federal Reserve System for four years.
CointelegraphThe May Federal Open Market Committee policy meeting concluded with the largest single rate hike in over two decades.
Cointelegraph