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Inflation may be even stronger in coming months than Federal Reserve policymakers currently expect as the U.S. recovery likely gains steam in the fall ....
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Fed s Bostic: Crypto, stablecoins an area we cannot ignore Reuters | May 24, 2021 08:24 PM EDT A representation of virtual currency Bitcoin and U.S. One Dollar banknotes are seen in front of a stock graph in this illustration taken (Photo : REUTERS/Dado Ruvic/File Photo) The rapid development of cryptocurrency and digital finance generally is an area we cannot ignore, Atlanta Federal Reserve President Raphael Bostic said on Monday while pointing to volatility in technologies like bitcoin and their shortcomings as a substitute for traditional currencies like the dollar. Advertisement Like Us on Facebook It is moving fast. The crypto space in particular right now if you characterized it - it is an extremely volatile market and I don t think its characteristics right now are conducive for them to be currency. The stablecoins get closer but there is still more to be done, Bostic said in an online discussion with a Florida-based real estate institute. ....
Advertisement HOME > NEWS > Fed s balance sheet could reach $9 trillion by end of 2022, NY Fed report projects Fed s balance sheet could reach $9 trillion by end of 2022, NY Fed report projects Reuters | May 24, 2021 08:21 PM EDT People walk wearing masks outside The Federal Reserve Bank of New York in New York City, U.S., (Photo : REUTERS/Lucas Jackson/File Photo) The Federal Reserve s ongoing asset purchases could lead the central bank s portfolio to grow to $9.0 trillion by the end of 2022, according to projections https://www.newyorkfed.org/medialibrary/media/markets/omo/omo2020-pdf.pdf released by the New York Fed on Monday. Reserve balances could peak at $6.2 trillion by the end of 2022 and then steadily decline, according to the forecasts, issued as part of an annual report conducted by the markets team at the New York Fed. ....