Lawmakers pressed Federal Reserve Chairman Jerome Powell over how the central bank would manage trade-offs it could confront if its interest-rate increases slow the … [Read more...] about Jerome Powell Pressed Over How Fed Would Respond to Economic Slowdown
Monetary Policy
The future monetary policy is all about CBDCs, not crypto – BIS’ report
(Kitco News) "Anything that crypto can do, CBDCs can do better" is the sentence that describes the Bank for International Settlements' vision for the future monetary policy system. The future of … [Read more...] about The future monetary policy is all about CBDCs, not crypto – BIS’ report
U.S. Existing-Home Sale Prices Hit Record of $407,600 in May
The median existing-home sale price in the U.S. shot above $400,000 in May, setting a record, as the housing market stalled under the weight of higher mortgage-interest rates. Sales of previously … [Read more...] about U.S. Existing-Home Sale Prices Hit Record of $407,600 in May