Chair Powell said the economy remains sturdy enough to carry out a series of rate hikes without causing a downturn
A presidential executive order is the first U.S. federal digital assets strategy
The U.S. central bank chair expects “it will be appropriate” to raise interest rates at its March 15-16 meeting
For the full year of 2021, the U.S. GDP grew by 5.7%, the fastest calendar-year growth since 1984
Some economists now forecast as many as six or seven quarter-point hikes this year
Banks or payment firms would create accounts or digital wallets, the report said