Fed Bans Its Officials From Trading Bitcoin, Stocks, Bonds
The new rules extended the ban first announced in October to include bitcoin and cryptocurrencies.Fed employees will no longer be able to invest in a cohort of assets, including bitcoin.The new rules come into effect on May 1 and prohibit Fed officials from buying stocks, bonds, cryptocurrencies, and other securities.The rules “aim to support public confidence in the impartiality and integrity of the Committee's work,” the Fed said in a statement.Federal Reserve (Fed) officials will be prohibited from investing in a slew of assets, including bitcoin, as per new rules shared by the Federal....
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Per a press release, the U.S. Federal Reserve’s senior officials will be unable to trade crypto, purchase individual stocks, hold an investment in individual bonds, commodities, and even foreign currencies. The FED’s Federal Open Market Committee made the announcement today and claimed the rules have been adopted with a unanimous vote. Related Reading | Warren […]
The rules were intended to “support public confidence ... by guarding against even the appearance of any conflict of interest.” The Federal Open Market Committee, or FOMC, has approved rules that would ban senior officials at the Federal Reserve from purchasing and holding cryptocurrencies and other investments.In a Friday announcement, the FOMC said that starting on May 1, senior Federal Reserve officials already working at the agency would have one year to “dispose of all impermissible holdings,” while new officials would have six months to do so. The new rules specify that Fed senior....
Billionaire investor Stan Druckenmiller has warned that everything is in a bubble, mentioning cryptocurrency, meme stocks, equities, and bonds in particular. “This bubble is in everything, every asset on the planet,” Druckenmiller stressed.
Druckenmiller’s Warning: Every Asset Is in a Bubble
Stan Druckenmiller discussed bubbles and value investing last week in a conversation with American billionaire investor and hedge fund manager Seth Klarman at the Boston Investment Conference.
Druckenmiller is chairman and CEO of Duquesne Family Office LLC. He....
The Federal Reserve has banned its senior officials from investing in cryptocurrency. “Officials covered by the new rules will have 12 months from the effective date of the rules to dispose of all impermissible holdings,” said the Federal Open Market Committee.
Senior Federal Reserve Officials Prohibited From Investing in Cryptocurrency
The Federal Open Market Committee (FOMC) announced Friday that it has “unanimously formally adopted comprehensive new rules for the investment and trading activity of senior officials.”
The FOMC is a....
On Friday, Bank of America’s (BOFA) chief investment strategist Michael Hartnett explained in a weekly financial note to clients that the U.S. economy could head into a recession. The BOFA strategist’s note further detailed that cryptocurrencies could outperform bonds and stocks.
BOFA Strategist Notes inflation Shock Is Worsening, Cryptocurrencies Could Outperform Bonds and Stocks
Bank of America’s chief investment strategist has warned the U.S. economy could feel some economic shocks. In recent times, inflation in the United States has run rampant and the....