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Inflation
Biden to Renominate Powell as Fed Chair and Appoint Brainard as Vice Chair
The president cites Powell’s stewardship of the economy during the pandemic.

Turkey Makes the Case for Bitcoin as Erdogan Runs the Autocrat’s Inflation Playbook
The longtime ruler’s unhinged monetary policy follows a familiar pattern – and it’s pushing some Turks toward bitcoin.

Biden and the Fed: Why Powell or Brainard Won’t Change Much for Crypto
Both candidates are seen as taking a tough stance on crypto regulation, but they’re also both seen as dovish – possibly beneficial for bitcoin’s inflation narrative.

Bitcoin Still a Risk Asset Despite Last Week’s Inflation-Led Rally, TradFi Experts Say
An elevated inflationary environment is completely new territory for bitcoin and its reaction function, one analyst said.

Off the Charts: Supply Chain Angst
Is inflation in the U.S. the product of monetary policy or supply chain problems?

Bitcoin Retreats From All-Time High, Ether Follows
The shakeout appeared to coincide with a turn lower in U.S. stock markets.

Crypto Surges on US Inflation Rise, Korean Investors Win Damages
Tencent CEO sees opportunity in the metaverse. Crypto surges after the fastest US inflation rise in 30 years. Korean court rules in favor of hacked investors. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Bitcoin Jumps to New All-Time High as Inflation Spikes to 6.2% in October
Bond traders are increasing their bets on faster inflation after the U.S. consumer price index jumped 6.2% in the 12 months through October, the highest rate in three decades. Still “transitory?”

Why Rising Inflation Could Be Good for Bitcoin
Bitcoin rises to a fresh all-time high after the U.S. Bureau of Labor Statistics releases the October consumer price index (CPI) number, the highest since 1990. CoinDesk's Galen Moore discusses why the inflation increase "would be good for bitcoin," adding "[inflation] tends to seem to drive bitcoin and the stock market apart." Plus, reasons behind Coinbase's user numbers and revenue decline for the third quarter.
