Tag : Jerome Powell

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Bitcoin gains momentum as investors bet on 2025 Fed rate cuts

iraqupdate.com
Bitcoin surged past $96,000 as Fed’s Raphael Bostic signaled rate cuts in 2025, boosting investor optimism and driving expectations of a shift in U.S. monetary...
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Bitcoin at $105,000 as Powell backs banks serving crypto customers

iraqupdate.com
Bitcoin jumped past $105,000 after the Fed kept rates steady, with Chair Powell confirming banks can serve crypto clients if they manage risks effectively....
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US inflation persists as Trump’s tariff threats add economic concerns

iraqupdate.com
Core inflation stayed at 2.8% in December, aligning with expectations but above the Fed’s target. Rising energy costs and tariff threats pose risks to price...
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Powell confirms Fed will move cautiously on future interest rate cuts

iraqupdate.com
Federal Reserve Chair Jerome Powell emphasized a cautious approach to future rate cuts, noting that the Fed will act based on economic conditions, inflation trends,...