Fed, interest rate
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The U.S. central bank is widely expected to cut interest rates for the second meeting in a row even though the government shutdown is obscuring officials’ view of the economy.
Key Takeaways The Federal Reserve is expected to cut interest rates to a range of 3.75%–4%, but officials remain divided and cautious amid unclear economic data.Analysts anticipate the Fed will soon end its quantitative tightening program,
Fed Governor Waller says the U.S. central bank is entering an era that embraces DeFi and digital assets within the mainstream financial system.
The president has already called Jerome Powell, chairman of the Federal Reserve, "stupid", "imbecile" and "idiot"- and called for his resignation. The Federal Reserve is responsible for supervising the banking system,