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Fed proposes limited-access master accounts, potentially benefiting crypto firms like Ripple and Anchorage

Key Takeaways The Federal Reserve has proposed a new category of limited-access master accounts for eligible financial institutions. Crypto-related firms such as Ripple and Anchorage could gain direct access to Fed payment infrastructure under this proposal. Share this article Federal Reserve Governor Chris Waller said at the Payments Innovation Conference today that the central bank … Read more

Fed Governor Barr flags potential Bitcoin loophole in GENIUS Act

Key Takeaways The inclusion of assets authorized by foreign governments in the GENIUS Act could enable Bitcoin repo holdings. Barr emphasized the necessity of strong regulatory frameworks to ensure stablecoins can safely benefit the financial system. Share this article Federal Reserve Governor Michael Barr said today that under the GENIUS Act, stablecoin issuers could argue … Read more

Trump’s Fed chair candidates list narrowed down to five by Bessent after interviews, sources say

After a series of rigorous interviews, some lasting as long as two hours, Treasury Secretary Scott Bessent has winnowed down the list of candidates for Federal Reserve chair to five from 11, and that person could be nominated to the Fed — though not necessarily as chair — by January. According to senior Treasury officials, … Read more

Global selloff underway as traders sour on U.S. government shutdown and doubts about Fed rate cut schedule grow

Stocks sold off in Asia this morning and Europe ticked down as well. U.S. futures were marginally down before the bell following yesterday’s 0.28% decline in the S&P 500. Analysts pointed to the U.S. government shutdown, where a resolution is nowhere in sight. And some no longer see two more rate cuts from the Fed … Read more

Republicans say California using loophole to get fed funds for immigrant healthcare

NEWYou can now listen to Fox News articles! Democrats want to remove a provision of Trump’s One Big Beautiful Bill Act (OBBA) before reopening the government, but Republicans argue the line item they want removed is allowing California to use a “loophole” to draw down funds from the federal government to help pay for the … Read more

Bitcoin surges to two-week high on weak September jobs data, Fed rate cut bets

Key Takeaways Bitcoin reached a two-week high following weaker-than-expected private payroll data from ADP. Investors expect the Federal Reserve may cut interest rates sooner due to signs of economic softening. Share this article Bitcoin rose to a two-week high of above $117,000 today following weaker-than-expected private payroll data from ADP, a payroll services provider, which … Read more

Supreme Court lets Fed Governor Lisa Cook keep job pending oral argument

Lisa Cook, governor of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024. Al Drago | Bloomberg | Getty Images The Supreme Court on Wednesday allowed Federal Reserve Governor Lisa Cook to remain in her post pending oral arguments in January on whether President Donald Trump … Read more

Boston Fed President Collins sees caution on future interest rate cuts

Susan Collins, president of the Federal Reserve Bank of Boston, speaks during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Thursday, March 30, 2023. Ting Shen | Bloomberg | Getty Images Boston Federal Reserve President Susan Collins on Tuesday expressed support for the recent interest rate cut, but … Read more

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