Fed chair says transactions outside of traditional banking should have the same rules as if they were done using banks
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