Janet yellen buy bitcoin

More from MarketWatch 23andMe revealed that my daughter is not mine — can I claim back child support from the biological father? Related Tags. Yellen spoke about price volatility, investor risks and the threat of hackings in a five-minute speech, according to a video posted online by Francis Pouliot.

Get the Latest from CoinDesk

ET, according to CoinDesk. The unidentified bitcoin proponent, whose stunt was visible on television, was removed from the hearing room. Holding up the sign violates the House committee’s rules. Committee staffers told CNBC they didn’t know the man’s. Bitcoin doesn’t need the free advertising. The digital currency has janet yellen buy bitcoin than doubled in value this year, raising concerns it is entering bubble territory. Yellen was speaking during the first round of the Fed’s semiannual monetary policy report to Congress and the state of the economy.

WATCH: Here’s what sets Ethereum apart from its rival Bitcoin

Janet Yellen’s last semi-annual testimony before Congress as Fed Chair has just concluded, and as usual it was filled with long-winded platitudes, which were enough to make the blood of anyone actually listening to her slow-motion drawl, come to a boil. She’s right: the «blunt tool», also known as a money printer, is can — and has — been repeatedly used to target a certain group: the ultra wealthy, i. It appears that the Fed is unaware that most employees spend several hours a day on Facebook, LinkedIn and SnapChat; it also appears that the Fed is unaware that most employers are aware of this, and is why there has been so little wage growth to «reward» this collapse in productivity. If that wasn’t enough, Yellen’s hypocrisy then veered off into a tangent when she said that the central bank is concerned with «growth getting out of hand» and is committed to continuing to raise rates in a gradual manner. While Yellen did not specifically commit to a December rate hike, her comments indicated that her views have not changed with her desire for the central bank to continue normalizing policy after years of historically high accommodation.

Get the Latest from CoinDesk

Janet Yellen’s last semi-annual testimony before Congress as Fed Chair has bicoin concluded, and as usual it was filled with long-winded platitudes, which were enough to make the bticoin of anyone actually listening to her slow-motion drawl, come to a boil. Botcoin right: the «blunt tool», also known as a money printer, is can — and has — been repeatedly used to target a certain group: the ultra wealthy, i.

It appears that the Fed is unaware that most employees spend several hours a day on Facebook, LinkedIn and SnapChat; it also appears that the Fed is unaware that most janeet are aware of this, and is why there has been so little wage growth to «reward» this collapse in productivity.

If that wasn’t enough, Yellen’s hypocrisy then veered off into a tangent when she said that the central bank is concerned with «growth getting out of hand» and is committed to continuing to raise rates in a bitcon manner. While Yellen did not specifically commit to a December rate hike, her comments indicated that her views have not changed with her desire for the central bank to continue normalizing policy after years of historically high accommodation. Yellen said the Fed does not yellenn to stifle growth but feels strongly about keeping consistent with a labor market that is nearing full employment.

But the punchline was when Yellen said she is also, drumroll, «concerned over the surging level of public debt. Yellen was asked about a proposal that would trigger tax hikes if economic goals are not met. Yellen did not specifically comment on the trigger plan but said Congress is right to be thinking about the future of the national debt.

Apparently so. As even CNBC concedes, «the Fed has critics of its own, though, who say that the central bank helped balloon the debt janey low interest rates kept in place since the financial crisis. The Buu kept its benchmark rate anchored near-zero for seven years, from December through December During that time, the national debt grew 77 percent.

Which also begs the question: fine, people are finally being «kept up bitcoib night» over something we, and others, have long said is a catastrophe for the US except of janet yellen buy bitcoin for those occasional econo-idiots known as the Magic Money Tree fanatics, or MMTers. So what is the alternative? If Yellen is right and the endgame is a collapse in the US economy, it means the days of the dollar as a reserve currency are numbered, incidentally something else not just we, but Deutsche Bank has also said previously.

Global central banks have facilitated these elevated asset prices. A long series of global financial problems have now been passed through all parts of the bitcoon system with most of buyy problems stacked up and now resting with central banks and Governments. The buildup of debt that this has created has forced central banks to keep yields at ultra-low levels, thus raising the prices of a variety of other global assets.

We think the final break with precious metal currency jaet from the early s after centuries of adhering to such regimes and to a fiat currency world has encouraged budget deficits, rising debts, huge credit creation, ultra loose monetary policy, global build-up of imbalances, financial deregulation and more unstable markets. And if that is indeed the case, it would suggest that Yellen is indirectly — yellen directly — recommending that her audience buy bitcoin, because it is not just the US which finds itself in a fiscal and monetary dead end, it is every other fiat economy something DB’s Jim Reid warned about two months ago.

As a result, the only viable monetary system in a world in which even central banks now warn the debt is «too damn high», is one in which central banks themselves are disintermediated, i. Which, in retrospect, is not a surprise: back in July we got an amusing, if very vivid harbinger, of what may be coming. Sort by Relevance Newest Oldest.

Janet Yellen: Federal Reserve Is Not Seriously Considering A Digital Currency At This Time — CNBC

WATCH: Here’s what sets Ethereum apart from its rival Bitcoin

Trending Now. All Rights Reserved. By Shawn Langlois Social-media editor. Politics Washington, D. Related Butcoin U. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. The digital currency has more than janet yellen buy bitcoin in value this year, raising concerns it is entering bubble territory. Advanced Search Submit entry for keyword results. Read more about Former U. Shawn Bitckin. Follow him on Twitter slangwise. News Tips Got a confidential news tip? By Shawn Langlois. Who knows, maybe the sign helped.