Asiwaju πŸ”„πŸŽ©πŸ„πŸŽ­πŸ“„πŸŒˆ pfp
Asiwaju πŸ”„πŸŽ©πŸ„πŸŽ­πŸ“„πŸŒˆ
@asiwaju
Federal Reserve Chair Jerome Powell says the central bank is β€œnot allowed to own Bitcoin,” leaving the decision to Congress. Replying to a reporter’s question during the press conference following the FOMC decision, Powell said that the Fed has little to do with Bitcoin stockpile. β€œWe are not allowed to own Bitcoin,” said Powell. β€œThat’s the kind of thing for Congress to consider.” He further stressed that the central bank is not looking to change that. His statements came after questions about how the government could possibly hold Bitcoin reserve, akin to holding gold. On Wednesday, the Fed lowered interest rates by 0.25% to its current target range of 4.25% and 4.50%, as anticipated. The Federal Reserve Act does not allow the central bank to hold government bonds or highly speculative assets. Though the Fed expanded its asset purchases during economic crisis such as the 2008 financial crash, Bitcoin remains out of its consideration.
6 replies
2 recasts
3 reactions

Abbeyunique 🎩 πŸŽ­β“‚οΈ pfp
Abbeyunique 🎩 πŸŽ­β“‚οΈ
@abbeyunique
πŸ– x 2147
2 replies
0 recast
0 reaction

Mgbulogu Chidiebere.base.eth pfp
Mgbulogu Chidiebere.base.eth
@chidiebere
703 $degen
1 reply
0 recast
0 reaction

Abbeyunique 🎩 πŸŽ­β“‚οΈ pfp
Abbeyunique 🎩 πŸŽ­β“‚οΈ
@abbeyunique
πŸ– x 2155
2 replies
0 recast
0 reaction

NegrocasterπŸ”„πŸŽ©πŸ„πŸŽ­ pfp
NegrocasterπŸ”„πŸŽ©πŸ„πŸŽ­
@negrocaster
Interesting 698 $degen
1 reply
0 recast
0 reaction

Queen Doyin πŸ”„πŸŽ© πŸŽ­πŸ‘Ύ pfp
Queen Doyin πŸ”„πŸŽ© πŸŽ­πŸ‘Ύ
@jayprime
698 $degen
1 reply
0 recast
0 reaction

Azippy.base.eth 🎩 🎭  pfp
Azippy.base.eth 🎩 🎭
@azippy
πŸ– x 80
2 replies
0 recast
0 reaction