Monetary Policy

Fireblocks CEO Michael Shaulov calls Bitcoin (CRYPTO: BTC) recently shared insights with Benzinga on the role of traditional banks, the rise of stablecoins and Bitcoin's potential as an "insurance instrument" against potential government system collapses. What Happened: Anyone...

Bitcoin (CRYPTO: BTC) may not have the momentum required to continue an upward trajectory. That's according to a prominent crypto analyst who believes people are going to start cashing out of the apex cryptocurrency. What Happened: Nicholas Merten on his YouTube channel also ...

Federal Reserve official Michael Barr on Friday expressed deep concerns about the issuance of stablecoins without stringent federal oversight. Speaking at a fintech conference, Barr highlighted the potential threats stablecoins could bring to financial stability, U.S. payments, and monetary policy...

Ahead of the much-anticipated Benzinga's Future of Digital Assets conference, renowned crypto analyst Nicholas Merten has shared his insights on the altcoin market's trajectory, suggesting a possible downturn, indicating that altcoins might be heading towards their fourth lower high...

The Royal Bank of Canada (RBC) has released a report on the evolving landscape of central bank digital currencies (CBDCs), that underscores the increasing global shift towards electronic payments as traditional cash usage wanes. This trend has prompted numerous governments to consider introducing...

In a recent forum, Federal Reserve Chairman Jerome Powell signaled the possibility of multiple interest rate hikes in the near future, potentially at an aggressive pace, CNBC reports. Increased Restrictions on the Horizon According to Powell, the driving force behind these potential increases is a...

International Monetary Fund Deputy Managing Director Gita Gopinath has highlighted three uncomfortable truths that monetary policy will have to confront for contending with high inflation. In her remarks before the European Central Bank Forum, Gopinath pointed out the first uncomfortable truth is...

Jerome Powell, Chair of the Federal Reserve, on Wednesday, acknowledged the enduring nature of cryptocurrencies as a category of assets. In a hearing with the House Financial Services Committee, he shared his perspective during a discussion that initially centered on the Federal Reserve's...

Federal Reserve Chair Jerome Powell has acknowledged stablecoins as a legitimate monetary instrument. Appearing before the U.S. House Financial Services Committee's half-yearly monetary policy review on Wednesday, Powell discussed the digital asset sector. Watch below: This was Powell...

Key industry leaders have come up in arms against the International Monetary Fund’s (IMF) statement that cryptocurrencies in general should not be granted legal tender status, saying central banks the world over are losing their grips on world finance. Leaders say a blanket ban...

When cryptocurrencies first started gaining the attention of mainstream investors in early 2017, a number of crypto pundits were quick to claim that they could act as an effective hedge against inflation. Citing the limited token supply of cryptocurrencies like Bitcoin (CRYPTO: BTC) as the chief...

Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On Jan. 31, 2006, the Senate approved the appointment of Ben Bernanke as chairman of the Federal Reserve. Where Was The Market? The S&P 500 was trading at 1,280.08 and the Dow...

Frequent handwashing, buying extra groceries, refraining from touching your face. These items are on most people's list of coronavirus preparations.  But what about talking to a broker about a new home purchase or mortgage refinancing?  The COVID-19 outbreak and resulting economic...

Investors will watch intently as the Fed decides whether to cut interest rates to defend against a feared coming recession. Wall Street broadly expects the Fed to announce a rate cut when it meets July 31. But increasingly, many economists say it may not matter that much what the Fed does. The...

Did monetary policy help President-elect Donald Trump win the race to the White House? According to billionaire investor Stanley Druckenmiller, the answer is a simple yes. "Of course it did,"Druckenmiller said on Thursday's edition of CNBC's "Squawk Box." "It was just a small part of it. But of...