Stephen Miran exits Federal Reserve, paving way for Kevin Warsh as next Fed chair

The interim appointment ensures stability and continuity at the Fed, minimizing market disruptions during the leadership transition period. The post Jerome Powell named interim Fed Chair until Kevin Warsh takes over appeared first on Crypto Briefing.

Powell's departure may shift Fed dynamics, impacting monetary policy continuity and crypto regulation amid evolving economic challenges. The post Jerome H. Powell steps down as Federal Reserve chair after eight years appeared first on Crypto Briefing.

The post New Federal Reserve Leaders and Their Views on Bitcoin appeared on BitcoinEthereumNews.com. The United States Federal Reserve is experiencing a significant leadership transition, raising anticipation about how the new leaders will approach cryptocurrencies, notably Bitcoin. This change is being closely watched by financial markets keen to gauge its impact on digital currencies. Continue Reading:New Federal Reserve Leaders and Their Views on Bitcoin Source: https://en.bitcoinhaber.net/new-federal-reserve-leaders-and-their-views-on-bitcoin

Powell's exit signals a pivotal shift in U.S. monetary policy, with Warsh's nomination potentially altering future economic strategies. The post Jerome Powell steps down as Fed Chair, spotlight on Kevin Warsh nomination appeared first on Crypto Briefing.

The post Most Pro-Bitcoin Federal Reserve Board to Date Could Boost Crypto Industry appeared on BitcoinEthereumNews.com. The “digital cold” camp  A potential rake hike  The U.S. Federal Reserve, the most influential central bank in the world, is currently in the middle of a leadership transition that could be a boon for Bitcoin as well as other major cryptocurrencies.  In fact, the new board of governors is already viewed as the most pro-BTC lineup based on the statements made by the officials in the past.  Bitcoin (BTC) Says Goodbye to $80,000, Dogecoin (DOGE) Spikes 50% Hinting at New Rally, Toncoin (TON) Risks Losing $2: Crypto Market Review XRP Crushes Every Major Coin with Massive Gains The “digital cold” camp  Kevin Warsh, the chair of the Federal Reserve, is a vocal Bitcoin supporter who views the flagship coin as a safe haven. He actually views BTC as the new gold for those who are under 40.  Christopher Waller has also made pro-BTC statements. He has dubbed the asset “electron

The post US Dollar Index climbs to five-week high as hawkish Fed bets gather pace appeared on BitcoinEthereumNews.com. The US Dollar Index (DXY), which measures the Greenback against a basket of six major currencies, extends its rally on Friday, climbing to its highest level since April 8 as investors continue to favor the US Dollar amid hawkish Federal Reserve expectations and persistent geopolitical uncertainty surrounding US-Iran negotiations. At the time of writing, the DXY trades around 99.20, putting the index on track for its first weekly gain in three weeks. The advance comes as traders reassess the US inflation outlook following another sharp rise in both Consumer Price Index (CPI) and Producer Price Index (PPI) data released earlier this week, marking the second straight month of accelerating inflation in April. Higher Oil prices linked to tensions in the Middle East remain a key driver of inflation. Following the latest inflation data, traders have increased bets that the Fe

The post Markets raise odds for Federal Reserve rate hike after inflation report appeared on BitcoinEthereumNews.com. The rate cut party that markets spent all of 2024 anticipating has officially been uninvited. Fresh inflation data has pushed traders to price in something that seemed unthinkable just months ago: the Federal Reserve might actually raise interest rates. US headline CPI climbed to 3.8% year-over-year in April, hitting a nearly three-year high. Paired with March’s PCE reading, the Fed’s preferred inflation gauge, showing headline inflation at 3.5% and core PCE at 3.2%, the picture becomes harder to ignore. The pivot from pivot Market predictions currently indicate a 44% chance of a Fed rate hike before July 2027. Perhaps more telling, traders see no cuts happening before that date either. Chicago Fed President Austan Goolsbee has acknowledged that rate hikes are now on the table as a policy option. That’s notable because Goolsbee has generally been considered one of the m

The post Euro falls as hawkish Fed expectations boost the US Dollar, Treasury yields appeared on BitcoinEthereumNews.com. The Euro (EUR) extends losses against the US Dollar (USD) on Friday, with EUR/USD slipping to near one-month lows as hawkish Federal Reserve (Fed) expectations boost the Greenback and US Treasury yields. At the time of writing, the pair is trading around 1.1626 and is poised to close the week in negative territory. Higher energy prices linked to supply disruptions in the Middle East continue to deteriorate the inflation outlook across major economies. In the United States, inflation accelerated sharply for a second consecutive month in April, while consumer spending remained resilient. The latest batch of US economic data strengthened expectations that the Fed could keep borrowing costs unchanged in the coming months as policymakers assess the broader impact of rising energy prices on inflation. However, traders are growing more confident that the Fed could raise in