Kevin Warsh

Lessons learned from 10 years of quantitative easing

It has been almost 10 years since the Federal Reserve launched its first quantitative easing (QE) program, leading to its $4.5 trillion balance sheet …

Social Media

Fed Chair Powell highlights importance of independent Fed

Federal Reserve Chairman Jerome Powell warned Friday that the Fed’s independence from political pressure must be respected if it is to succeed in controlling inflation, maximizing employment and regulating the financial system.<p>His remarks Friday came after Kevin Warsh, a former Fed official who …

Business (Canada)

Fed Chair Powell stresses importance of an independent Fed

Federal Reserve Chairman Jerome Powell warned Friday that the Fed's independence from political pressure must be respected if it is to succeed in …

Federal Reserve

A finalist for Fed Chair warns Trump doesn’t get a basic function of the Federal Reserve — and it poses a threat to economy

Donald Trump is obsessed with loyalty and shows frequent disdain for US institutions like the judiciary and a free press, so it fits that he would flout a basic tenet of economic policy — Federal Reserve independence.<p>That approach, which comes with potentially damaging ramifications for the economy …

Federal Reserve

Trump pressed on interest rate outlook during Oval Office interview, candidate for top Fed job says

President Donald Trump was blunt about his preference for low interest rates when he interviewed candidates for the top Federal Reserve post, said …

Donald Trump

Former Top Official Said He Would Consider FedCoin to Rival Bitcoin

Cryptocurrencies have always had an antagonistic relationship with governments, central banks, and regulators.After all, Bitcoin, the first and still …

Cryptocurrency

Wells settles investor lawsuit; Tarullo the transition?

<b>Receiving Wide Coverage ...</b><p><b>One step up, one back:</b> Wells Fargo agreed to pay $480 million to settle a class action suit brought by investors in …

Finance

Fed, Employment, Mistake Or Correct? Munis?

Albert Einstein was, it turns out, apparently not the person who defined insanity as "doing the same thing over and over again and expecting a …

Federal Reserve

Former Fed Governor Warsh Says Jobs Report Proves Economy Is Strong – Bloomberg

Former Fed Governor Warsh Says Jobs Report Proves Economy Is Strong<p>Former Fed Governor Warsh Says Jobs Report Proves Economy Is Strong<p>Former Fed …

Economy

Former US Federal Reserve Governor Says Federal Digital Currency Deserves Consideration

Former Fed governor claims that central banks should treat digital currencies as more than a novelty, and creation of ‘FedCoin’ deserves …

Jerome Powell

Should the Fed Create ‘FedCoin’ to Rival Bitcoin? A Former Top Official Says ‘Maybe’

Many enthusiasts of Bitcoin and other cryptocurrencies are motivated by deep skepticism of the central banks that control the world’s money supply.<p>But what if central banks themselves entered the game? What would happen if the Federal Reserve, or the European Central Bank or the Bank of Japan used …

Business

Big Name Investors Get Behind New Cryptocurrency Basis

<i>0</i><p>Recent Alerts<p>Sign up to create alerts for Instruments, Economic Events and content by followed authors<p>Free Sign Up<p>Already have an account? Sign …

Investing

Basis raises $133 mln from Bain, Lightspeed, GV and others for holy-grail 'stablecoin'

Basis, an algorithmic central bank that is neither a bank nor centralized, announced this week that it has raised $133 million in a private token …

Venture Capital

Druckenmiller invests in new cryptocurrency

A "central bank on the blockchain," Basis is developing a cryptocurrency whose supply expands/contracts by algorithm. It kind of sounds like Milton …

Central Banks

US Stablecoin Project Basis Raises $133 Mln From Major VC Firms

The US-based Blockchain project Basis (formerly known as Basecoin), which claims to provide a non-volatile cryptocurrency or stablecoin, has recently …

Venture Capital

Kevin Warsh and Stan Druckenmiller Just Invested In a Cryptocurrency That's Designed to Be Boring

Digital currencies are risky, volatile investments, and that’s what speculators love about them. But a group of Silicon Valley venture capitalists …

Cryptocurrency

Cryptocurrency: Does Fed Want to Imitate Venezuela?

The U.S. government issuing its own cryptocurrency would likely not be seen as a sign of stability, but as a desperate measure to prop up poor policies.<p>After Kevin Warsh makes a convincing case that flawed government policies have contributed to cryptocurrency’s rapid rise in price, he inexplicably …

Cryptocurrency

The Meaning of Bitcoin’s Volatility

Cryptocurrency may be a leading indicator for traditional assets such as stocks, bonds and credit.<p>Bitcoin, despite its name, isn’t money. Its price volatility significantly diminishes its usefulness as a reliable unit of account or an effective means of payment. Bitcoin might, however, serve as a …

Cryptocurrency

Coke is launching its first alcoholic beverage

Coca-Cola Co.'s Japan branch will be launching is first alcoholic product in the company's history, reports the Wall Street Journal. The canned drink …

Business

Trump wants to start his trade war tomorrow

President Trump wants to sign a presidential proclamation tomorrow to set his steel and aluminum tariffs in motion, according to two senior …

Politics

Jeff Bezos tops Forbes' annual billionaires list

A record 2,208 billionaires made Forbes’ 32nd annual ranking of the world’s richest with centi-billionaire Jeff Bezos seizing the top spot for the …

Donald Trump

Trump's pick to replace Gary Cohn will tell you a lot about the direction of the White House

Speculation swirled Wednesday about who President Donald Trump would choose to replace Gary Cohn as his top economic adviser, as observers say that person could provide a significant clue about the future of the president's agenda.<p>"The president's got a number of people that could potentially fill …

Donald Trump

Trump facing imminent deadline on lethal force policy

When President Trump signed the 2018 National Defense Authorization Act, he agreed to report to Congress by March 12 any changes to President Obama’s …

Politics

Here's What Losing ‘Security Blanket’ Cohn Means for U.S. Stocks

The loss of Gary Cohn as a stabilizing force in the White House administration and the rise of protectionist hawks poses a risk to U.S. bank stocks …

Donald Trump

Big Oil and OPEC try to seize climate narrative

Some of the most powerful figures in global energy markets sent a clear signal in Houston early this week: The world will and should move to a …

Energy

The "fifth wave" of retail is conversational

1-800 Flowers CEO Chris McCann believes that the future of retail success involves using technologies like chatbots and AI concierges to casually …

Employment

Wall Street-focused AI startup acquired for $550 million

S&P Global has agreed to acquire Kensho, a Cambridge, Mass.-based provider of AI-powered analytics for traders, for around $550 million in cash and …

Employment

U.S. vs China seen in Qualcomm-Broadcom fight

Broadcom's effort to acquire Qualcomm had already turned into a proxy battle for control of the company's board of directors. Increasingly, though, …

Business

Venture capital is still a boys club

Over 91% of decision-makers at U.S. venture capital firms are men, according to a new Axios analysis.<p><b>The upside:</b> The nearly 9% mark for women is an …

Business

Inovalon buys Ability Network for $1.2 billion

Inovalon, a health care data analysis company that owns subsidiaries like Avalere Health, is acquiring IT firm Ability Network for $1.2 billion in …

Business