Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Nostoman on June 10, 2020, 04:08:49 PM
-
As Federal Reserve Chair Jerome Powell steers U.S. monetary policymakers away from negative interest rates, he risks becoming increasingly isolated among the world’s top central bankers.
Officials in the U.K., Europe and New Zealand are reportedly considering the once-unthinkable strategy of pushing interest rates below zero, seen as a form of economic stimulus. And bitcoin might be a beneficiary of looser monetary policy outside the U.S., even if the Fed never joins its foreign counterparts.
You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you don’t have to. You can subscribe here.
The divergence over the issue shows just how challenged central bankers are as they struggle to find consistent strategies for healing economies devastated by the coronavirus and related lockdowns. The World Bank on Monday forecast that global output will tumble by 5.2% this year, the worst recession since World War II.
Source: https://www.coindesk.com/first-mover-bitcoin-bulls-negative-rates-central-banks-fed