Jerome Powell, who has led 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, due to new variances and high inflation, put the FED in a dead end. In addition, President Biden strengthened the signals that he will increase interest rates. Let’s take a look at the crypto money statements of the Fed chairman, which we compiled as Kriptokoin.com .
FED Chairman talks about cryptocurrencies
Recently, FED Chairman Powell spoke in the Senate. After Powell’s important statements about cryptocurrencies and the market, Bitcoin price gained about $ 900. The explanations included that it could take two to four meetings for the balance sheet decision and that the rapid contraction in the balance sheet would be intervened. Saying that the concerns about the dollar supply are pushing up the energy and food prices, Powell also admits that they cannot prevent this.
Fed chairman touched upon in a forthcoming report and announced that they would 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 not be news in the USA for a while about the crypto regulations, which are tried to be prepared with democratic steps in our country. Apart from these, US Congressman Tom Emmer shared that the cryptocurrency legislation 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.