Federal Reserve


Markets

Bitcoin, Gold Spike as Fed Unveils Unlimited Coronavirus Stimulus Package

The Federal Reserve has announced a quantitative easing package with no upper limit to support the U.S. economy amid the coronavirus crisis.

Federal Reserve. Credit: Shutterstock

Markets

Fed Stands Ready to Replace Infected Greenbacks With Clean Bills

The Fed doesn’t plan to destroy banknotes as China did, but it has a stockpile of fresh greenbacks should it need to replace what’s in circulation.

The Fed doesn't think destroying bills is necessary to stop COVID-19, but it has infection-free bills waiting in the wings. (Image by Danny Nelson/CoinDesk)

Markets

After a Wild Ride, Stocks Take a Breather and Crypto Bounces Back

Cryptocurrency markets stabilized somewhat as traditional financial markets found some footing Tuesday.

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Markets

The Fed's $700B Bazooka Misfires, Feat. CoinDesk's Michael Casey and Noelle Acheson

Far from reassuring the markets, the Fed’s dramatic action over the weekend seems to have spooked them instead.

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Markets

QE4 Begins: Fed Cuts Rates, to Buy $700B in Bonds

Effectively, this is “QE4,” the fourth major round of quantitative easing by the American central bank since the global financial crisis a little more than a decade ago.

Fed Chairman Jerome Powell

Markets

In Echo of 2008, Fed Pledges $1.5 Trillion Injection to Aid Reeling Markets

The pumping of trillions of dollars of fresh liquidity into the financial system recalled the central bank’s unprecedented efforts during the last crisis.

The U.S. Federal Reserve is taking a more cautious approach towards CBDCs than in many other countries, including China.

Markets

As NY Fed Promises More Cash, What Will Christine Lagarde Do?

Bitcoin prices slid for a fifth straight day, but the bigger news is what the N.Y. Fed and Christine Lagarde's ECB do next.

ECB President Christine Lagarde.

Policy

That Noise You're Hearing? Central Banks Struggling to Evolve

Noelle Acheson looks at the evolving role of central banks in the context of the current crisis, and what that could mean for crypto.

Image via Shutterstock

Markets

You Call That Volatility? Bitcoin Traders Scoff at Wall Street's Gyrations

As traditional markets undergo a level of anxiety not seen since the 2008 recession, the cryptocurrency industry showed few existential signs of distress.

Wall Street during the 1907 panic (via Wiki commons).

Markets

Bitcoin Drops 2% Following Fed's First Emergency Rate Cut Since 2008

Bitcoin prices slid Tuesday after the U.S. Federal Reserve announced an emergency cut in interest rates to counteract risks to the economy from the spreading coronavirus.

Federal Reserve Chair Jerome Powell