Jerome Powell, who has been managing the US central bank for 4 years, announced that this year’s asset purchases will be terminated in March. These steps taken to reduce inflation put the FED in a dead end for reasons such as new variants and high inflation. In addition, President Biden has strengthened the signals that he will increase interest rates. Cryptocoin. com
Let’s take a look at the cryptocurrency statements of the Fed chairman, which we compiled as .
FED Chairman talks about cryptocurrencies
Recently, Fed Chairman Powell spoke in the Senate. After Powell’s important statements about cryptocurrencies and the market, the price of Bitcoin gained about $ 900. The explanations included that it would take two to four meetings for the balance sheet decision and that the rapid contraction in the balance sheet would be intervened. Saying that concerns about the dollar supply are driving up energy and food prices, Powell also admits that they cannot prevent this.
Fed chairman touched on a report to be published soon and announced that they will give feedback to the public on the matter. Powell states that the report does not mean taking a position yet. For this reason, there may be no news for a while in the USA from crypto regulations, which are tried to be prepared with democratic steps in our country. Apart from these, US Congressman Tom Emmer shared that crypto money regulations will be published at an earlier date. Powell, on the other hand, pointed to the hawkish rhetoric of March, although no rate hike is expected at the FED meeting to be held at the end of January.