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Cryptocurrency May Wreak Havoc on Economy -- Especially on People With No Assets truthout.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from truthout.org Daily Mail and Mail on Sunday newspapers.
Fed's Powell met with Coinbase CEO on May 11 boxden.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boxden.com Daily Mail and Mail on Sunday newspapers.
Top Fed Official Compares Digital Currency 'Fad' to Parachute Pants etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
(Reuters) - Gold prices eased on Tuesday, as a firmer dollar made bullion expensive for holders of other currencies while concerns that the U.S. Federal Reserve will tighten its monetary policy sooner than expected also dented the metal s appeal. Gold is seen as a hedge against inflation, though a rate hike by the Fed will increase the opportunity cost of holding bullion and dull its appeal. FUNDAMENTALS Spot gold was down 0.2% at $1,775.42 per ounce, as of 0100 GMT. U.S. gold futures fell 0.2% to $1,776.40. The dollar index strengthened 0.1% against rivals. [USD/] The Fed has made substantial further progress towards its inflation goal in order to begin tapering asset purchases, Fed Bank of Richmond President Thomas Barkin said on Monday. ....
Fed s Quarles says supply chain imbalances boosting inflation are transitory Reuters | Jun 28, 2021 10:22 PM EDT Federal Reserve Vice Chair for Supervision Randal Quarles addresses the Economic Club of New York in New York City, U.S. (Photo : REUTERS/Brendan McDermid/File Photo) The supply chain imbalances and higher demand currently leading to higher inflation are transitory and the U.S. Federal Reserve has the tools to respond if inflation remains elevated for longer than anticipated, Fed Vice Chair for Supervision Randal Quarles said on Monday. If a year from now we were not to see inflation settling back down to something that s closer to our 2% target . we have the tools at the Fed to then begin - as we traditionally would - to increase interest rates, to change our monetary policy in a way that would address that inflation, Quarles said during the annual Utah Bankers Association Convention. We re not behind the curve. ....