Fed’s Powell Drops Warning for Markets: What’s Crypto in For?
Federal Reserve Chair Jerome Powell recently issued a warning on rates, which might have significant implications for various financial markets, including cryptocurrencies.
According to CNBC, Powell cautioned about higher long-term rates as “supply shocks” might provide policy challenges.
In a statement on Thursday, Powell hinted that longer-term interest rates are likely to be higher as the economy changes and policy remains in flux. Powell noted that, while longer-term inflation projections are broadly in line with the Fed’s 2% target, the era of near-zero interest rates is unlikely to return anytime soon.
