Powell emphasizes economic factors over politics in rate decisions. Balance sheet reduction aims for stability. No stagflation concerns. Market rallies on rate hike unlikelihood. Bitcoin dips 4.6% on Powell's remarks. Analysts note central bank influence on asset prices.
Huang BoAt the closing ceremony of the 2024 Hong Kong Web3 Carnival, Dr. Xiao Feng, Chairman of Wanxiang Blockchain and Chairman and CEO of HashKey Group, expressed his in-depth observations on the explosion of blockchain and Web3 industry applications.
JinseFinanceIn a speech at Stanford University on Wednesday, Federal Reserve Chairman Jerome Powell said stronger-than-expected economic activity this year did not change the central bank's broad expectation that falling inflation will allow the central bank to cut interest rates this year.
JinseFinanceDonald Trump vows to prevent a CBDC in the U.S., expressing concerns about government control. As a 2024 candidate, he positions cryptocurrency issues prominently in his political agenda.
EdmundThe crypto sector continues to witness support from global institutions despite the numerous black-swan events. To grow further, the asset class just might need time to mature.
BeincryptoPowell stated that due to persistent inflation, the Federal Reserve may continue to tighten monetary policy and may do so faster than previously anticipated.
Coinlive Powell said the Fed’s decisions must remain independent from political influence, but that privilege comes with responsibility.
BeincryptoThe summit is slated to take place Nov. 30
OthersSam Bankman-Fried is still listed to speak at this year's New York Times DealBook Summit, despite being axed as FTX CEO.
BeincryptoVitalik said that in the short term, Optimistic Rollup is a viable option, and in the long run I prefer ZK Rollup.
Cointelegraph