• Feb 24, 2025

Fed's Logan floats idea of discount-window loan auction facility

Dallas Federal Reserve Bank President Lorie Logan on Tuesday floated the idea of allocating a "modest" part of the Fed's balance sheet to loans and repos, perhaps holding a daily auction of discount-window loans. This would encourage banks needing liquidity to be ready to borrow from the Fed and improve the efficiency and effectiveness of policy implementation, Logan said. "Such a facility might also smooth the redistribution of reserves around the banking system," Logan said in remarks prepared for delivery to a Bank of England conference in London.

  • Feb 24, 2025

Bitcoin reels below $90,000, global market jitters combine with Bybit hack

LONDON (Reuters) -Bitcoin hit its lowest in over three months on Tuesday, as nerves in markets over U.S. tariffs reinforced the blow to crypto investor confidence from last week's $1.5 billion hack of ether from the Bybit exchange. Bitcoin, the world's largest cryptocurrency by market value, broke below $90,000 to its lowest since November 18, falling by as much as 7.5% at one point. Global investors have been jittery of late on signs the so-called exceptionalism of the U.S. economy might be fading, while President Donald Trump prepares to impose tariffs.