Powell says Fed cannot hold bitcoin, not seeking to change that
NEW YORK, Dec 18 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin ...
Fed Rules out BTC Reserves: 'We're Not Allowed to Own Bitcoin'
Dec 19, 2024 · The Federal Reserve Act limits the central bank’s holdings to U.S. government bonds and other highly secure assets. Although the Fed has expanded its asset purchases during economic crises ...
Powell: Fed 'not looking' for law change to own bitcoin - USA …
Dec 18, 2024 · Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the digital currency and signaled a more cautious approach to rate...
Hawkish Fed Hammers Cryptos, Bitcoin ETF Exodus - Forbes
2 days ago · Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Dec. 18, 2024.
Fed Chair Jerome Powell Says, 'We're Not Allowed to Own Bitcoin…
Dec 18, 2024 · Federal Reserve Chair Jerome Powell has ruled out the possibility of the central bank adding Bitcoin to its balance sheet, citing legal restrictions under the Federal Reserve Act.
Bitcoin Price (BTC) Dips to $101K, XRP, ADA, LTC Drops 10% on Federal …
Dec 18, 2024 · Already lower in the session, the price of bitcoin (BTC) turned lower from $104,000 following the announcement, dipping to around $101,000 as Fed Chair Jerome Powell's spoke to the press, down...
Bitcoin Falls Below $100,000 As Fed Rates Outlook ... - Markets …
6 days ago · Bitcoin slid below $100,000 Thursday as traders were rattled by the Fed's rate guidance. The crypto dropped more than 5% to trade around $98,000.
Fed can't hold bitcoin, not seeking to change that, Powell says
NEW YORK, Dec 18 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that the U.S. central bank has no desire to be involved in any government effort to hold large amounts of bitcoin.
Bitcoin blips down as Fed’s Powell says no ‘hurry to lower rates’
Nov 15, 2024 · Bitcoin’s price dropped about 2.79% after Jerome Powell said that the Fed is in no “hurry to lower rates,” given the current economic performance.
What The Fed’s Rate Cut Means For Bitcoin
Sep 18, 2024 · The Fed’s decision to cut by 50 bps represents more than just monetary policy adjustment – it’s a clear acknowledgment that the economy is struggling more than policymakers have publicly let...