
Bitcoin Price on Cusp of Further Capitulation, Michael Kramer Weighs In
A fall in Bitcoin price could pull the entire altcoin industry amid reduced crypto liquidity fueled by increased scrutiny from US regulators.
Jerome Hayden “Jay” Powell is the 16th Chair of the Federal Reserve, serving in that office since February 2018.
Jerome Hayden “Jay” Powell is the 16th Chair of the Federal Reserve, serving in that office since February 2018. He was nominated to the Fed Chair position by President Donald Trump, and confirmed by the United States Senate.
Powell earned a degree in politics from Princeton University in 1975 and a Juris Doctor from Georgetown University Law Center in 1979. He moved to investment banking in 1984, and has since worked for several financial institutions. He briefly served as Under Secretary of the Treasury for Domestic Finance under President George H. W. Bush in 1992. More recently, he was a visiting scholar at the Bipartisan Policy Center from 2010 to 2012. He has served as a member of the Federal Reserve Board of Governors since 2012. He is the first Chair of the Federal Reserve since 1987 not to hold a Ph.D. degree in Economics.
Powell has faced substantial and repeated criticism from President Donald Trump after his confirmation.
Federal Reserve
Feb 5th, 1953
American
Chevy Chase, Maryland, United States
Princeton University (BA) - 1972-1975
Georgetown University (JD) - 1979
Federal Reserve - Chair
Federal Reserve Board of Governors - Member
Treasury for Domestic Finance - Under Secretary - 1992–1993
A fall in Bitcoin price could pull the entire altcoin industry amid reduced crypto liquidity fueled by increased scrutiny from US regulators.
Despite the fall off of the US stock futures, there is no doubt that the fight against inflation is yielding a relatively positive fruit in the United States.
Amid the unfolding banking crisis and interest rate hikes, Bitcoin has been showing strong resilience attempting another breakout above $30,000.
Amid the banking crisis emerging in the market, the US economic environment looks extremely fragile.
The US stock indices notably derailed from the recent growth path it has charted in recent times following the rate hike news.