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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Fed Chairman Jerome Powell continues to speak, and we will add important developments by editing them under this post.
Fed Chairman Jerome Powell:
➡️ Inflation is still above our long-term targets. Core inflation rate is still 4.7%.
➡️ We decided to tighten monetary policies a little more. The effects of monetary policies will show themselves over time.
➡️ The expectation of FOMC participants agree that interest rates will increase next year. Additional monetary policies may also be seen in the upcoming period and we may increase the interest rate.
➡️ We decided to keep the interest rates in June constant, but there may be possible increases in the following periods. Increases are a separate issue, the speed of increases is another issue. In the coming periods, it is possible to increase interest rates at a slower rate.
➡️ Regulations and regulations should be very consistent, not very sensitive and not corrosive.
Regulatory questions are coming from lawmakers regarding stablecoins.
➡️ We see stablecoins used in payments as a currency.
➡️ It would be a mistake to create a Fed that has a weak hand when it comes to stablecoins.
➡️ It would be a mistake to leave the Fed in a weak role on cryptocurrencies.
➡️ We don't know where the interest rates will be when inflation drops to 2%.
#ContentStar# #BountyCreator# #NewsMessenger#