Jerome Powell raphael bostic Stock News U.S Federal Reserve World Economics World Politics 

Uncertainty Real, Federal Reserve Should be Patient: Atlanta Fed President

The Atlanta Federal Reserve bank president says there is uncertainty despite strong economic data, causing a dilemma for the U.S Federal Reserve. It should be “patient,” says Raphael Bostic. Bostic is not on the Federal Reserve’s panel for interest rate setting this year but is speaking out to confirm that investors and businesses are taking a close look at their strategies. He’s been talking with executives who are: “Starting to examine their own business strategies and initiatives in anticipation of slowing economic conditions either through deleveraging or holding off on…

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Bitcoin Economics federal reserve FSB Global Economic Outlook Jerome Powell Lael Brainard 

Bitcoin Does Not Threaten Global Economy According FSB

Bitcoin and other cryptocurrencies do not pose a threat to the world economy, but should be monitored as the market “continues to evolve rapidly.” That’s the assessment of the Financial Stability Board (FSB), an international body that monitors the global economy. The observations were brought to light in a December 28 report by the Reserve Bank of India (RBI), which is India’s central bank. The RBI report noted: The FSB has undertaken a review of the financial stability risks posed by the rapid growth of crypto-assets. Its initial assessment is that crypto-assets do…

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Donald Trump Dow Jones Jerome Powell Stock News 

Dow Mounts 700 Point Gain after Fed’s Powell Calms Investors

The Dow Jones Industrial Average thrust off its recent bearish trend during mid-day trading on Friday, surging to a 700 point gain after Federal Reserve Chairman Jerome Powell reassured investors that the central bank would take stock market conditions into account when deciding whether to hike interest rates. As of 12:34 pm ET, the Dow had risen 705.98 points or 3.11 percent in the hours since Friday’s opening bell, carrying the index to 23,392.20. The S&P 500 and Nasdaq were also firmly in the green, with the latter consolidating gains…

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