Federal Reserve


Policy

How the COVID-19 Crisis Revived the Digital Dollar Debate

Some Americans are still waiting for stimulus support. Would a digital dollar have helped disburse funds? Here's a breakdown of the debate.

Under one proposal, U.S. citizens would be gifted a digital wallet, called a FedAccount, maintained by the Federal Reserve. (Credit: Houston Federal Reserve by Random Sky on Unsplash)

Policy

Digital Dollars Give the State Too Much Control Over Money

Arming the Federal Reserve with a digital dollar would harm the free market, says Max Raskin, an NYU adjunct professor of law.

Federal Reserve Chair Jerome Powell

Markets

Bitcoin Jumps 12% as Fed Keeps Money Flowing and US Economy Shrinks

"It's clear that the effects on the economy are severe," said Federal Reserve Chair Jerome Powell. "We won't run out of money. It's an unlimited pot."

Federal Reserve Chair Jerome Powell conducts the 107-year-old central bank's first-ever remote video press conference.

Markets

First Mover: For Bitcoin Prices, Inflation Headlines May Matter More Than the Reality

Money printer goes brrr, but does it necessarily mean big inflation?

Credit: Shutterstock

Markets

The History of the Dollar System From Bretton Woods to QE Infinity, Feat. Luke Gromen

A look at how we went from the Bretton Woods system of gold-backed USD to the QE Infinity of today.

Breakdown4.22-2

Markets

Profit-Taking Keeps Bitcoin in Tight Range as Fed Reopens Spigot

Bitcoin and ether fell slightly Thursday as traditional markets climbed on additional stimulus measures by the U.S. Federal Reserve and Bank of England.

Source: CoinDesk BPI

Markets

US Cash in Circulation Sees Biggest Increase Since the Y2K Bug Panic, Fed Data Indicates

U.S. currency in circulation has experienced its largest increase in over 20 years.

Credit: Shutterstock

Markets

After Coronavirus 'War,' Bretton Woods-Style Shakeup Could Dethrone the Dollar

Seismic shifts might be in the offing for the global monetary system — a phenomenon that historically has occurred in the wake of world wars.

OLD GUARD: The Bretton Woods gathering in 1944 entrenched the dollar’s near-century-long reign as the world’s dominant currency (Credit: U.S. Office of War Information in the National Archives, via World Bank).

Tech

Bitcoin and Gold: Evaluating Hard-Cap Currencies in Times of Financial Crisis

How would a bitcoin economy react to coronavirus? For now, we don’t know. However, we can turn to a proxy for insight: gold.

(itti ratanakiranaworn/Shutterstock)

Markets

Into the Unknown: No Limit on Fed Money Injections

Drastic measures are being taken by the Federal Reserve as Wall Street reels from fresh predictions of a steep drop-off in economic output due to coronavirus-related lockdowns, business disruptions and job losses.

Printing press image via Shutterstock