FED is trying to stifle high inflation by rising interest rate and - surprisingly - by provoking unemployment as fears of recession escalate. The crisis could expand around the globe and lead to a contraction in the world’s economy.
The New York Innovation Center (NYIC), a joint project of US Fed and BIS, is launching a proof-of-concept project to explore the feasibility of an interoperable network of digital central bank liabilities and commercial bank digital money using distributed ledger technology.
The New York Innovation Center (NYIC), a joint project of US Fed and BIS, is launching a proof-of-concept project to explore the feasibility of an interoperable network of digital central bank liabilities and commercial bank digital money using distributed ledger technology.
FED is trying to stifle high inflation by rising interest rate and - surprisingly - by provoking unemployment as fears of recession escalate. The crisis could expand around the globe and lead to a contraction in the world’s economy.
During the last two years the US government has printed a substantial amount of dollars to help the economy during the pandemic and the value of BTC soared. Now the FED is trying to tame growing inflation by raising interest rates and the value of BTC is falling. How is this connected?
January 2022. The US Federal Reserve published a white paper on Central Bank Digital Currency, and the window for public comment is open until May 20, 2022.
