Fed's Powell says he believes Treasury payment system remains safe
ReutersFeb 11, 2025 3:44 PM
By Michael S. Derby
NEW YORK, Feb 11 (Reuters) - Federal Reserve Chairman Jerome Powell said Tuesday he believes the U.S. Treasury payment system is safe amid questions what the Trump administration may be doing with the critical system.
Asked in a Senate hearing if the system remained safe, Powell said "I believe it is and I will tell you we are very strongly committed to the integrity, efficacy and resilience and all of those things, of this system."
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey
Related Articles
Circle’s Next Chapter: Not Just Stablecoins, But a Payments Network
TradingKey - Stablecoins are meeting real-world demand, especially in emerging markets where payment systems are oftenfragmented, access to the traditional banking system is limited, or capital controls restrict seamless global flows.TradingKey
20 hours ago
What is BNB? Can CZ's Return to Binance Propel It to $2700?
It’s also worth noting that 2028 marks Bitcoin’s fifth halving — a historically bullish catalyst. If past cycles repeat, BNB could ride the wave to new highs. Considering macroeconomic trends, supply dynamics, CZ’s potential return, and the next bull market, Standard Chartered’s target seems increasTradingKey
Fri, Sep 19
[Reuters Analysis] Heightened uncertainties feed Fed inconsistencies: McGeever
By Jamie McGeever ORLANDO, Florida, Sept 18 (Reuters) - The Federal Reserve cut interest rates on Wednesday for the first time in nine months, arguing the move is necessary to counter increasing risks to the labor market. The rationale is sound enough. There's only one problem - it seems to c...Reuters
Fri, Sep 19
Bitcoin Price Forecast: Trends and Investment Outlook from 2025 to 2030
From $0.01 in 2009 to $120,000+ in 2025, Bitcoin has evolved from obscurity to a globally recognized financial asset. While institutions and governments increasingly embrace it, investors must remain vigilant against volatility, security risks, and scams.TradingKey
Wed, Jul 16
Tradingkey
