{"id":77647,"date":"2021-03-23T01:33:54","date_gmt":"2021-03-23T05:33:54","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=77647"},"modified":"2021-03-23T01:26:07","modified_gmt":"2021-03-23T05:26:07","slug":"powell-calls-cryptocurrencies-not-really-useful-stores-of-value-and-says-fed-will-move-slowly","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2021\/powell-calls-cryptocurrencies-not-really-useful-stores-of-value-and-says-fed-will-move-slowly.html","title":{"rendered":"Powell calls cryptocurrencies \u2018not really useful stores of value\u2019 and says Fed will move slowly"},"content":{"rendered":"\n<p>(CNBC) Federal Reserve Chairman Jerome Powell said Monday that cryptocurrencies remain an unstable store of value and the central bank is no hurry to introduce a competitor. \u201cThey\u2019re highly volatile and therefore not really useful stores of value and they\u2019re not backed by anything,\u201d <a href=\"https:\/\/www.cnbc.com\/jay-powell\/\">Powell<\/a> said during a virtual panel discussion on digital banking hosted by the Bank for International Settlements.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2021\/03\/22\/cryptocurrencies-are-not-useful-stores-of-value-says-feds-powell.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Federal Reserve Chairman Jerome Powell said Monday that cryptocurrencies remain an unstable store of value and the central bank is no hurry to introduce a competitor. \u201cThey\u2019re highly volatile and therefore not really useful stores of value and they\u2019re [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-77647","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/77647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=77647"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/77647\/revisions"}],"predecessor-version":[{"id":77648,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/77647\/revisions\/77648"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=77647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=77647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=77647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}