Whether Bitcoin succeeds will largely hinge on whether people have confidence in the incumbent fiat system to which it poses an alternative and in the central bankers who, since the end of the dollar’s gold peg 1973, have determined the monetary policies behind that system.

Source: CoinDesk

via: Globe Echo.

The term Volcker moment refers to the anti-inflation initiative led by former Federal Reserve Chairman Paul Volcker. When inflation was rampant in the late 1970s, Paul Volcker made the difficult decision to raise interest rates dramatically in an attempt to reign-in inflation.

The Volcker Rule is named after former Federal Reserve chairman, Paul Volcker, who proposed the rule as a way to curb the US banks' speculative trading activities that did not benefit consumers. Volcker headed the Economic Recovery Advisory Body under the Obama administration in 2009.

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  • Author: freightwaves.com
  • Updated: 2022-09-27
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  • Author: thedailycrypto.io
  • Updated: 2022-09-24
  • Rated: 76/100 ⭐ (7377 votes)
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  • Summary: Is Powell 2022's Paul Volcker? The Answer Matters to Bitcoin
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4. CoinDesk

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  • Updated: 2022-09-24
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  • Summary: CoinDesk 2022
  • Matched Content: Our June 9-12, 2022, crypto festival in Austin, Texas, 250 Park Ave S. New York, US commentators have been comparing Jerome Powell to Paul Volcker.
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5. Fed's Powell Delivers Stern Message on Inflation, Warns of 'Some

  • Author: usnews.com
  • Updated: 2022-09-22
  • Rated: 97/100 ⭐ (4764 votes)
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