- Fed Chair Jerome Powell signalled uncertainty for the bank’s 2026 plans to cut interest rates.
- Still, crypto startup teams are building at an accelerating pace, VCs say.
The Federal Reserve isn’t planning on opening the money spigots anytime soon, but that’s not stopping startup builders, venture capitalists say.
Fed Chair Jerome Powell didn’t just hold interest rates steady this week, but also signalled that the cuts traders expected to see this year may be held back for longer due to the uncertainties caused by escalating war in the Middle East.
High interest rates are usually bad for investors’ appetite for riskier bets such as cryptocurrencies and untested tech startups. In short, the US central bank is saying to prepare for…
