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FED Official Speaks About Interest Rate Decisions! Good or Bad for Bitcoin (BTC)?
The FED manager still says that the issue of interest rate cuts is not on the table.
Recently, macroeconomics seems to have started to be followed more in the cryptocurrency industry. The decrease in demand for spot Bitcoin ETFs has caused crypto assets to be more affected by the world agenda and economy.
These days, the importance of the decisions taken by the US Federal Reserve (FED) has increased. FED officials enable us to have an idea about these decisions with their statements.
Recently, Chicago FED President Austan Goolsbee appeared before the cameras and made statements. Here are Goolsbee's latest important statements:
Progress in US inflation has stalled.
High housing inflation is the main short-term problem.
I remain hopeful that inflation will return to improvement in the coming months.
The FED's correct policy going forward will depend on data.
We did a very good job on employment, but not on inflation.
It will take longer for inflation to reach the 2 percent target.
I think there is still nothing on the table regarding interest rate cuts.
The Fed is trying to figure out how restrictive it should be.
If there is no progress in housing, it is more difficult to achieve 2 percent inflation.
I don't know if the latest inflation data is a sign of overheating.
When we look at the statements of FED Governor Goolsbee, we see that there are some critical negative statements for Bitcoin and altcoins.
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