Category: Federal Reserve


Gold Spikes on US Debt Fears — Finance Portal Disowns End-of-Year Gold Price Prediction


Gold Spikes on US Debt Fears — Finance Portal Disowns End of Year Gold Price PredictionWhile the price of bitcoin has surged during the first few days of October, the price of the precious metal gold has also increased percentage-wise as the U.S. dollar and the country’s 10-year Treasury yields slid in value this past week. An ounce of fine gold exchanged hands this weekend for $1,760 per unit, up […]




Bitcoin history repeating? 3 indicators suggest October will reignite the BTC bull market


The flagship cryptocurrency has closed October in profits seven out of nine times since 2013, raising hopes that it would be able to log a fractal bull run in the next 31 d...





Fed Chair Says US Inflation ‘More Enduring Than Anticipated’ — Strategist Predicts 10% Market Correction


Fed Chair Says US Inflation 'More Enduring Than Anticipated' — Strategist Predicts 10% Market CorrectionAmericans are not only worried about future inflation, but they are also dealing with dwindling purchasing power in real-time. Meanwhile, on Thursday, Federal Reserve chairman Jerome Powell plans to address the Senate Banking Committee and discuss inflation. In the remarks pre-published from Powell’s speech, the Fed chair noted that the recent inflation spike may last […]





Fed’s Powell Scrutinized for Owning Bonds of the Same Type the Central Bank Bought During Pandemic


As a number of Federal Reserve presidents have been criticized for their 2020 stock moves, Fed chairman Jerome Powell has been cast into the limelight for owning $1.5 million municipal bonds like the ones the U.S. central bank purchased in 2020 during the pandemic. All Eyes Are On Jerome Powell’s Municipal Bond Portfolio Three days […]




After Fed Members Disclose Million-Dollar Stock Trades Fed’s Powell Initiates Ethics Inquiry


The Federal Reserve chairman Jerome Powell has directed his staff to start an ethics inquiry into the financial activities of Fed members, as a number of senior central bank officials are being questioned for their investments. Reports indicated last week that the president of the Dallas Federal Reserve branch, Robert Kaplan, benefitted from “multiple million-dollar-plus […]


Sources With Ties to Washington Say Joe Biden Will Renominate Fed Chair Jerome Powell


Sources With Ties to Washington Say Joe Biden Will Renominate Fed Chair Jerome PowellUnnamed sources familiar with the matter indicate the Biden administration may allow Federal Reserve chairman Jerome Powell to continue as the central bank’s lead. The news follows three U.S. representatives asking Biden to replace Powell with a central bank leader that addresses equality and climate change. Jerome Powell to Stay for Second Term, Sources Say […]


New York Fed’s Consumer Inflation Report Expects US Inflation to Hit 5.2% by Next Year


New York Fed's Consumer Inflation Report Expects US Inflation to Hit 5.2% by Next YearAmericans are still very concerned about inflation as the latest Survey of Consumer Expectations (SCE) report from August indicates that U.S. consumers expect inflation to be 5.2% a year from now. The SCE response data hasn’t been this high since 2013, and it’s increased since the month prior, when U.S. residents expected 4.9% at the […]






AOC, Pressley, Tlaib ‘Urge’ Biden to Replace Fed Chair With Someone Willing to Address ‘Climate Change’


AOC, Pressley, Tlaib 'Urge' Biden to Replace Fed Chair With Someone Willing to Address 'Climate Change'All the recent money creation from the Federal Reserve wasn’t enough, according to a few American bureaucrats, as three politicians from the House Financial Services Committee are urging U.S. president Biden to replace Fed chairman Jerome Powell with someone who will address “climate risk.” AOC, Tlaib, Pressley: ‘Climate Change Is a Warning of the Potential […]



Afghanistan’s Economic Crisis: ‘No One Has Money’ Says Afghani Banker After US Seized Central Bank’s Assets


Afghanistan's Economic Crisis: 'No One Has Money' Says Afghani Banker After US Seized Central Bank's AssetsThe troubles in Afghanistan rage on after the U.S. government spent 20 years and trillions of dollars on a conflict that was never resolved. The U.S. government, Federal Reserve, and allied partners have seized the central bank of Afghanistan’s assets and as time passes, the country’s citizens have run out of money. Regional reports show […]