IMPORTANT STATEMENTS FROM THE FED PRESIDENT ABOUT INTEREST RATES!!
🔔 FED President Powell; He stated that reducing interest rates too early could be very devastating and emphasized that rates will reach pre-pandemic levels without being reduced to very low levels.
FED Chairman Powell's statements that interest rates should be raised to pre-pandemic levels and not reduced to very low levels could have a notable impact on the crypto market. High interest rates could cause investors to avoid risky assets, which could reduce demand for cryptocurrencies. Additionally, higher interest rates could cause the dollar to strengthen and therefore cause cryptocurrencies to lose value against the dollar. Therefore, the Fed's policies could have significant impacts on crypto markets.