Federal Reserve Chairman Jerome Powell said in a webcast discussion in Switzerland that Facebook's proposed digital currency would probably have so many users that it might cause instability in the financial system.
While the latest government economic data show a slight narrowing of the U.S. trade deficit in July, a more recent survey of manufacturers shows that exports might be headed for a steep contraction in coming months, as U.S. companies adjust to President Donald Trump's tariff battles with China.
Federal Reserve Bank of New York President John Williams says he's `laser-focused' on pushing up the U.S. inflation rate toward the central bank's 2% target. While he didn't say so explicitly, it's a signal that he's open to cutting official U.S. interest rates further.
But despite some recent bumps such as pricing woes and big-name partnerships that are failing to ring up results, it's clear the Litecoin Foundation will keep driving the LTC adoption.