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CoinGape 2024-05-14 18:33:45

Jerome Powell Speech Today: Bitcoin Crash Jitters As Fed Chair Slightly Hawkish

U.S. Federal Reserve Chair Jerome Powell’s speech reflected slightly hawkish comments on restrictive monetary policy and interest rate cuts amid ongoing inflationary pressures and a strong labor market. The progress toward bringing inflation back down to its 2% target this year has stalled as some raised stagflation concerns, which were denied by Powell again. He The post Jerome Powell Speech Today: Bitcoin Crash Jitters As Fed Chair Slightly Hawkish appeared first on CoinGape .

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