The probability of the Federal Reserve raising interest rates by 50 basis points in September is 57.5%.

[The probability of the Federal Reserve raising interest rates by 50 basis points in September is 57.5%] According to news on August 18, the US federal funds rate futures show that the probability of the Fed raising interest rates by 50 basis points in September is 57.5%, which is basically the same as before.

Other news:

Federal Reserve Nominee: Cryptocurrencies Have Potential And Risks And Need To Be Regulated: Golden Financial News, Michael Barr, a former Ripple consultant and nominated by Biden as the Fed’s vice chairman of supervision, said at a Senate hearing on Thursday that he believes that cryptocurrency technology provides "Some upside potential, but also some significant risks."

He said, "On issues like stablecoins, there may be financial stability risks, and I think it is very important that Congress and regulators face these financial stability risks and regulate." As for cryptocurrencies that people regard as investments, the main concern is What matters is investor protection, "which is really the responsibility of other institutions."

It is reported that if approved by the Senate, the former senior official of the US Treasury Department will become the next vice chairman of supervision of the Federal Reserve and will play a key role in the future development of stablecoins. He will also be involved in the Fed's decision on whether to launch a digital dollar. That would require approval from Congress and the administration before the Fed can make a decision, Barr said. (CoinDesk) [2022/5/20 3:28:58]

Two Democratic senators urged Biden not to nominate Powell for re-election as Federal Reserve Chairman: According to news on November 20, following Elizabeth Warren, two progressive Democratic senators in the United States also stated that they opposed nominating Federal Reserve Chairman Powell for re-election. Senators Jeff Merkley of Oregon and Sheldon Whitehouse of Rhode Island said in statements Friday morning that Powell could not make firm commitments to address growing climate risks. However, given the strong Republican support for Powell, if Biden chooses Powell, the number of progressive Democrats will not be enough to sway his decision. U.S. President Joe Biden will have to choose between Powell and Fed Governor Brainard, who is more liberal on climate and other issues. (Golden Ten) [2021/11/20 7:00:43]

Chen Weixing: The only enemy of Bitcoin is the Federal Reserve: Chen Weixing, the founder of Fancheng Capital and Kuaidi Taxi, said in the circle of friends that the only enemy of Bitcoin is the Federal Reserve. Eliminate the hegemony of the US dollar and use a globalized public blockchain to establish an independent global trade settlement system , which is conducive to the fair valuation of all real wealth in the world, including the RMB, and will enable China's economy to gain a corresponding international status and successfully step over the Thucydides trap. [2021/5/26 22:45:58]