Fed's Crypto Plans

Fed Targeting Crypto?? This Will SHOCK YOU!!

By Guy

🤔 Why Fed Important 🤔

The Fed is tasked with shaping monetary policy which impacts the amount of liquidity in the system. It is this monetary policy that affects everything from interest rates to growth, employment and inflation. What the Fed does with Monetary policy can effectively determine which direction the economy goes. Knowing what the Fed thinks about crypto can help you determine whether there will be any regulations and other enforcement.

🗓 Powell in The Early Days 🗓

Jerome Powell is the first non-economist as Fed chairman in over 40 years. Jerome was elected as Fed chair back in 2017 during Trump’s first year in office. We have some indications of his early views on crypto. In a speech that he made at the Economic club of New York in 2017 Powell said that he had nothing against Bitcoin. He also said that they were cautious on any sort of CBDC.

🗓 2018-2019 Thinking Evolves 🗓

In a congressional session in 2018, Jerome unloaded on cryptocurrency. He claimed that most of those that were buying cryptocurrencies were doing so in an expectation of an increase in price. Moreover, he had consumer concerns with crypto. However, he did seem to have a more positive view about blockchain technology more broadly which shows that he was thinking about the tech early on.

🗓 2020 Pandemic & CBDCs 🗓

As 2020 rolled around, the world was in a relatively stable state. The stock market was near all time highs, economic growth was strong and the Fed was no doubt enjoying the relative calm. Of course, the Pandemic through all of that off track and the Fed had to respond with unprecedented money printing. However, the Fed still talked about Crypto. There was a paper that was released in August that talked about it. This was released on the same day that Lael Brainard was giving a speech on crypto risks It was also revealed that the Fed was busy working with researchers from MIT on a potential stablecoin implementation. Powell was also involved in a BIS panel discussion last year where he talked about the risks that are involved with cryptocurrency and the benefits that come from a state issued CBDC.

🗓 2021 Things Get Serious 🗓

In Feb, Jerome was back in Congress talking about cryptocurrencies. On CBDCs he said: ‘This is something we’re investing time and labor in, across the Federal Reserve system’ In the summit he also talked about how Bitcoin could be seen as an alternative to Gold. He also took massive issue with private sector cryptocurrencies and stablecoins like Diem etc.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

Latest videos

Is This The RECESSION are we in a recession
Is This The RECESSION?! Here’s The FACTS You Need To Know!!
Is This The RECESSION are we in a recession

Is This The RECESSION?! Here’s The FACTS You Need To Know!!

July 5, 2022 2 min read
Crypto News Cardano Bitcoin ETF Cosmos Voyager
Crypto News: Cardano, Bitcoin ETF, Cosmos, Voyager & MORE!!
Crypto News Cardano Bitcoin ETF Cosmos Voyager

Crypto News: Cardano, Bitcoin ETF, Cosmos, Voyager & MORE!!

July 4, 2022 2 min read
central bank cbdc plans
Crypto Holders WATCH OUT!! THIS Is The Future THEY Want!!
central bank cbdc plans

Crypto Holders WATCH OUT!! THIS Is The Future THEY Want!!

July 3, 2022 2 min read
CRAZIEST Crypto Hearing EVER Here’s What Went Down
CRAZIEST Crypto Hearing EVER! Here’s What Went Down!!
CRAZIEST Crypto Hearing EVER Here’s What Went Down

CRAZIEST Crypto Hearing EVER! Here’s What Went Down!!

June 30, 2022 2 min read
Top 5 BEST Hardware Wallets Which Are The SAFEST
Top 5 BEST Hardware Wallets: Which Are The SAFEST?!
Top 5 BEST Hardware Wallets Which Are The SAFEST

Top 5 BEST Hardware Wallets: Which Are The SAFEST?!

June 29, 2022 2 min read
Polkadot Deep Dive Can DOT survive the bear market
Polkadot: Can DOT Survive The BEAR Market?! Deep Dive!!
Polkadot Deep Dive Can DOT survive the bear market

Polkadot: Can DOT Survive The BEAR Market?! Deep Dive!!

June 28, 2022 2 min read
Crypto News Harmony Celsius Voyager Solana FATF
Crypto News: Harmony, Celsius, Voyager, Solana, FATF & MORE!!
Crypto News Harmony Celsius Voyager Solana FATF

Crypto News: Harmony, Celsius, Voyager, Solana, FATF & MORE!!

June 27, 2022 2 min read

Related videos

Is This The RECESSION are we in a recession
Is This The RECESSION?! Here’s The FACTS You Need To Know!!
Is This The RECESSION are we in a recession

Is This The RECESSION?! Here’s The FACTS You Need To Know!!

July 5, 2022 2 min read
Crypto News Cardano Bitcoin ETF Cosmos Voyager
Crypto News: Cardano, Bitcoin ETF, Cosmos, Voyager & MORE!!
Crypto News Cardano Bitcoin ETF Cosmos Voyager

Crypto News: Cardano, Bitcoin ETF, Cosmos, Voyager & MORE!!

July 4, 2022 2 min read
central bank cbdc plans
Crypto Holders WATCH OUT!! THIS Is The Future THEY Want!!
central bank cbdc plans

Crypto Holders WATCH OUT!! THIS Is The Future THEY Want!!

July 3, 2022 2 min read
CRAZIEST Crypto Hearing EVER Here’s What Went Down
CRAZIEST Crypto Hearing EVER! Here’s What Went Down!!
CRAZIEST Crypto Hearing EVER Here’s What Went Down

CRAZIEST Crypto Hearing EVER! Here’s What Went Down!!

June 30, 2022 2 min read
Top 5 BEST Hardware Wallets Which Are The SAFEST
Top 5 BEST Hardware Wallets: Which Are The SAFEST?!
Top 5 BEST Hardware Wallets Which Are The SAFEST

Top 5 BEST Hardware Wallets: Which Are The SAFEST?!

June 29, 2022 2 min read
Polkadot Deep Dive Can DOT survive the bear market
Polkadot: Can DOT Survive The BEAR Market?! Deep Dive!!
Polkadot Deep Dive Can DOT survive the bear market

Polkadot: Can DOT Survive The BEAR Market?! Deep Dive!!

June 28, 2022 2 min read
bottom for crypto markets
Was This The Crypto BOTTOM?! Are We Heading LOWER?!
bottom for crypto markets

Was This The Crypto BOTTOM?! Are We Heading LOWER?!

June 26, 2022 2 min read