Trump’s Fed Pick Could Reshape Crypto Policy
Crypto-friendly Federal Reserve Vice Chair for Supervision Michelle Bowman has emerged as a leading contender to replace Jerome Powell as Chair of the U.S. Federal Reserve when his term concludes next year. Bowman is one of five candidates shortlisted by Treasury Secretary Scott Bessent, according to multiple reports, signalling a
Bitcoin Rises Above $113K as Soft US PPI Fuels Rate Cut Bets
Bitcoin surged past the $113,000 mark on Wednesday as softer-than-expected US inflation data buoyed investor sentiment and boosted bets on more aggressive monetary easing from the Federal Reserve. The Producer Price Index (PPI) for August came in weaker than forecasts, fuelling speculation that the Fed could deliver a larger rate
Ethereum Jumps 7% on Fed Rate Cut Hopes
Ethereum rallied sharply on Friday after US Federal Reserve Chair Jerome Powell suggested the central bank could cut interest rates as early as September. Speaking at the prestigious Jackson Hole Economic Symposium, Powell acknowledged rising fiscal challenges, weakening jobs data, and tariff-driven inflationary pressures, while hinting that risks to the
Powell Hints at Rate Cuts as Fed Balances Risks and Inflation Fears
Federal Reserve Chair Jerome Powell’s address at the central bank’s annual Jackson Hole symposium has provided the strongest indication yet that conditions could soon justify interest rate cuts. While Powell stopped short of explicitly endorsing imminent easing, his carefully calibrated remarks suggested the Fed is edging towards policy adjustments as
Trump Pressure on Fed Fuels $15B Bitcoin ETF Boom
Bitcoin is back in the spotlight as bullish momentum gains steam, largely fuelled by political drama in the U.S. and rising investor interest in spot Bitcoin ETFs. Over the past three months, U.S.-listed Bitcoin ETFs have attracted over $15 billion in inflows, despite Bitcoin trading sideways since mid-May. According to
Bitcoin Holds Steady as Fed Resists Pressure to Cut Rates
Federal Reserve Chair Jerome Powell has made it clear—there’s no immediate plan to ease monetary policy, despite market turmoil following President Donald Trump’s new tariffs. As stocks nosedived, Bitcoin (BTC) briefly surged but later settled below $83,000, maintaining a strong position compared to equities. Powell Stands Firm Amid Market Chaos
Fed Holds Rates Steady: What It Means for Crypto and Risk Assets
The Federal Reserve (Fed) is set to hold interest rates unchanged at its first meeting of 2025, with markets bracing for any signals on future monetary policy. While the decision to maintain the current target range of 4.25%-4.5% has been widely anticipated, Fed Chair Jerome Powell’s commentary on key economic
