The post Federal Reserve Chair’s Crucial Message for Crypto Markets appeared first on Coinpedia Fintech News
Federal Reserve Chair Jerome Powell said that the Federal Reserve has achieved ‘quite a bit of progress’ in its ongoing struggle with inflation while stressing the need for further evidence of sustained progress before considering any reduction in interest rates. The comments come at a time when markets keep a close eye on the Fed as inflation appears to be slowing and other central banks begin to gradually lower interest rates. The crypto markets have been attentive to Powell’s remarks as Bitcoin fell 3.36% in the last 24 hours to $60,349.