🇺🇸 US Fed member Mester:

•Previously, I expected three interest rate cuts this year. I still don't think this is appropriate. Inflation risks are on the upside.

•I think monetary policy is restrictive.

•Monetary policy is slowing demand, but not as quickly as expected.

Positive Effect: Inflation concerns and economic uncertainties may cause investors to turn to cryptocurrencies.

Negative Impact: High interest rates may reduce interest in cryptocurrencies as investors may turn to safer, fixed-income investments.