Bitcoin, SPACs Make Market Feel ‘Frothy,’ Fed’s Powell Says

Jerome Powell

Federal Reserve Chair Jerome Powell comments on the state of financial markets during testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Bloomberg has the video of his testomony. Watch.

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FCA Warns SPAC Boom May Fizzle in UK: Report

The blank check boom on Wall Street is unlikely to be replicated in London, according to an executive at the UK’s top financial watchdog, even as it consults on liberalising rules for special purpose acquisition companies, Private Equity News reports.