Powell | Crypto

Crypto experts say political pressure on the US Federal Reserve could drive volatility, but also shift flows toward Bitcoin and gold in the long run. Global central bank leaders have rallied behind US Federal Reserve Chair Jerome Powell, warning that political pressure on the Fed risks undermining financial and economic stability worldwide. In a joint statement released Tuesday, governors from 11 major central banks said they “stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell,” stressing the importance of central bank independence. The statement comes after US authorities opened a criminal investigation into Powell over a $2.5 billion renovation of the Fed’s headquarters, a move that has intensified tensions between the central bank and the Trump administration. Read more

Bitcoin’s non-sovereign narrative is gaining attention as reports of a probe into US Fed Chair Jerome Powell raise concerns over political pressure and markets. Bitcoin’s role as a non-sovereign risk asset may benefit from renewed investor focus amid a criminal investigation into US Federal Reserve Chair Jerome Powell. Federal prosecutors opened a criminal investigation into Powell over testimony he gave to a Senate committee about renovations to the Fed’s buildings. In a Sunday statement, Powell said the investigation is “a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.” President Donald Trump has repeatedly attacked Powell and the Fed for refusing to grant his demands to cut interest rates. Read more

Fed Chair Jerome Powell avoided discussing monetary policy during his Oct. 9 Community Bank Conference remarks, supporting Bitcoin’s continued advance toward $150,000. Matt Mena, Crypto Research Strategist at 21Shares, stated in a note that this was a “strategic omission” by Powell. He characterized the narrow focus as “effectively a green light for risk assets” because […] The post Powell’s silence on rates to fuel Bitcoin’s path toward $150,000 appeared first on CryptoSlate.

Fed Chair Jerome Powell warned of labor market weakness after Fed’s first rate cut in nine months, as futures markets bet on more easing ahead. Federal Reserve Chair Jerome Powell on Tuesday reiterated the central bank’s delicate balancing act, stressing that policymakers are trying to navigate between their price stability and employment mandates following last week’s interest rate cut. “Recent data show that the pace of economic growth has moderated,” Powell said in prepared remarks at the Greater Providence Chamber of Commerce’s economic outlook luncheon in Rhode Island, adding: He added that clearer trade policy means tariffs will likely trigger only a “one-time pass-through” effect on inflation. That may be interpreted as a slight shift from earlier warnings that tariffs could fuel more sustained cost pressures in the second half of the year. Read more

Bitcoin holds $116K as Powell’s rate cut signal, Philippines’ 10K BTC reserve plan, and Taiwan’s crackdown fuel optimism for a breakout toward $130K. The post Bitcoin Price Prediction: Powell’s Cut Signal, Philippines’ 10K BTC Plan, Taiwan Crackdown Drive Path to $130K appeared first on Cryptonews.

Grayscale just made history by filing an ETF application for Dogecoin, marking the first-ever ETF for a memecoin. And it’s no surprise it’s for Dogecoin (DOGE), one of the oldest in the game.The SEC recently set a deadline for resolving ETF applications for various coins, including Dogecoin, by October. The excitment around approval is pretty […] The post Doge Price Prediction: Forming Double Bottom – Saved By Powell? appeared first on Cryptonews.

The crypto market rallied more than 4% to reclaim the $4 trillion mark after Federal Reserve Chair Jerome Powell signaled that US interest rates could be lowered in September. In his speech at the Jackson Hole symposium in Wyoming, Powell said: “The baseline outlook and the shifting balance of risks may warrant adjusting our policy […] The post Powell’s ‘dovish’ comments trigger crypto market cap climb to above $4 trillion appeared first on CryptoSlate.

Bitcoin recovers from a trip to six-week lows as Fed Chair Jerome Powell gives strong "dovish" clues over where interest rates will head in September. Key points: Bitcoin returns to $116,000 after gaining over 2% in minutes thanks to “dovish” comments from Fed Chair Jerome Powell. Powell’s Jackson Hole speech cemented the odds of an interest-rate cut next month. Read more

Bitcoin fell below $113,000 as investors braced for Jerome Powell’s Jackson Hole speech that could set the US Fed’s path on interest rate cuts. Cryptocurrency investors were bracing for the US Federal Reserve’s annual gathering in Jackson Hole on Friday, where Chair Jerome Powell’s remarks may provide key signals on interest rate policy heading into September’s Federal Open Market Committee meeting. Bitcoin (BTC) briefly fell to $112,565 on Wednesday, a two-week low last seen on Aug. 3, Cointelegraph data showed. Bitcoin’s dip below $113,000 was a snapshot of “rising nerves in the market” as macroeconomic tensions surrounding Powell’s speech were causing “fear spikes” among digital asset traders, according to Ryan Lee, chief analyst at Bitget exchange. Read more

Federal Reserve Chair Jerome Powell reaffirmed that the central bank does not object to U.S. banks providing services to cryptocurrency companies or participating in crypto-related activities, so long as they follow established risk management and consumer protection standards. Powell made the statement during his semiannual monetary policy report testimony before the House Financial Services Committee […] The post Powell reaffirms Fed has no issues with banks conducting crypto activities appeared first on CryptoSlate.

Donald Trump has escalated his public feud with Fed Chair Jerome Powell, charging that a two-point rate cut could save $600 billion. Though he has branded Powell a 'numbskull', Trump has said he will not fire him, while hinting he might 'force something' if the Federal Reserve keeps delaying. The post Donald Trump Warns Fed: Slash Rates or I’ll “Force Something” – Powell’s Job Still Safe appeared first on Cryptonews.

HYPE & SOL lead L1s, Powell scares Markets, Base launches memecoin FOMO HOUR EP339 BTC dives on Powell tariff comments, rebounds. BTC dominance at 4 year highs. BTC hashrate hits new ATH. BTC supply on exchanges dips to record lows. ETH 24 hour revenue drops below $100k. BTC/ETH ratio up ~100% in a year. HYPE & SOL lead rebound in L1s. SOL hits highest REV since February. Powell bullish on the path forward for crypto in US. BTC may be around for a long time: Gensler. Countries printing unlimited money to buy BTC: CZ. Russia floats plans to create stablecoin. Court pauses 18-state lawsuit against SEC. VanEck to launch ‘crypto-related ETF’. JOIN YEET = https://yeet.com/register?aff=fomohour PLAYLIST = https://www.youtube.com/playlist?list=PLGSgoImPFTiVpkHhLXF78cE_Z3uG7VNGL PODCAST = https://podcasters.spotify.com/pod/show/fomohour LIVE SPACE = https://x.com/i/spaces/1lDGLzQVOjZxm Links: https://linktr.ee/fomohour https://twitter.com/fomohour https://www.rug.fm/ https://x.com/rugradio https://linktr.ee/rugradio ...