The projections are a snapshot of individual committee members' best guesses on the future of unemployment, inflation and rate cuts. Economists expect that the average prediction will be three rate cuts in 2025, fewer than were expected when they last published their expectations in September.

Federal Reserve Chair Jerome Powell has ruled out the possibility of the central bank adding Bitcoin to its balance sheet, citing legal restrictions under the Federal Reserve Act. Powell addressed the issue during a Dec. 19 press conference, emphasizing that the Fed is not pursuing any legislative changes to alter this position.

Then here comes Bitcoin, the decentralized, no-rules wild card of global finance. It’s absolutely no surprise that Powell is skeptical. But the reasons for

Though most economists had anticipated another cut, Fed board chair Jerome Powell indicated it was a close call and that 2025 would see a more cautious approach. Inflation and employment have been identified as the top priorities for the Fed,

Bitcoin mining stocks faltered after Federal Reserve Chair Jerome Powell declared that the central bank is not allowed to own Bitcoin, quashing prospects for President-elect Donald Trump’s strategic BTC reserve initiative.

Part of the sell-off was catalyzed by Wednesday’s news that the Federal Reserve would not hold bitcoin in its reserve, prompting the world’s largest cryptocurrency to dip by 7