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JEROME POWELL
On Wednesday, the U.S. Federal Reserve implemented a 0.5% cut to its interest rates, marking the start of what many analysts anticipate will be a sustained phase of monetary easing.
The Naira strengthened against the US dollar during Friday's trading session.
Naira falls as increased demand pressures the local currency, while the U.S. dollar index maintains its bullish trend.
The crypto industry lost $400 million to liquidation in two days following an important policy meeting the Federal Open Market Committee (FOMC) held yesterday, which sparked frantic sell-offs.
The Federal Reserve Chairman, Jerome Powell indicated on Wednesday that the central bank hopes to prevent a recession.
Jerome Powell, the United States' Federal Reserve Chairman believes regulation of the cryptocurrency market is critical, but the...
Gold started the London session today bullish.
The Dow Jones Industrial Average had its worst day since February.
The precious metal rallied higher at the mid-week trading session as buyers got assurance from the U.S. Federal Reserve.
Leading financial brands and payments processors are anxiously watching the Fed's push in creating an electronic alternative to cash.
US Federal Reserve Chief has stated that central bank digital currencies would need to be integrated with other existing payment systems.
Jerome Powell recently spoke on why the U.S central bank had no reason to rush into central bank digital currencies.