😈No need to cut interest rates, BTC can’t rise, wait until next time to cut interest rates
100X community news:
Former Fed "big hawk" Bullard: Cutting interest rates in March is wise
On February 19, former St. Louis Fed President Bullard recently said that he believes the Fed should cut interest rates at its next meeting (March) to pre-emptively prevent its policy stance from overly suppressing economic activity later this year. Two years ago, Bullard was a leading advocate of rapid interest rate hikes, and as recently as last summer he warned that further hikes were necessary. But now he says a rate cut makes sense now that inflation has fallen below 3% and is heading toward its 2% target, based on the Fed's preferred metric. "I think they should act," he said after speaking at a conference of the National Association for Business Economics in Washington. "It may be wiser to act earlier but slower."
