Janet Yellen

TerraUSD collapse will ‘probably be the end’ of most algorithmic stablecoins, crypto executive says

Luna, the sister cryptocurrency to controversial stablecoin TerraUSD, has fallen to $0. The collapse of algorithmic stablecoin TerraUSD has raised questions about the future survival of similar crypto assets. Dan Kitwood | Getty Images News | Getty Images Algorithmic stablecoins like terraUSDwhich collapsed and sent shockwaves through the cryptocurrency market, is unlikely to survive, the …

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Concern about stagflation, a throwback to the 70s, begins to grow

WASHINGTON (AP) — Stagflation. It was the dreaded “S-word” of the 1970s. For Americans of a certain age, it conjures up memories of painfully long lines at gas stations, shuttered factories and President Gerald Ford’s much-derided “Whip Inflation Now” buttons. Stagflation is the bitterest of economic pills: high inflation mixes with a weak labor market …

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