Bitcoin (BTC) Investors Attention: 2 FED Governors Commented on Interest Rates!

US Federal Reserve (FED) managers commented on the US economy.

There are many factors that affect the price movements of crypto assets. Statements made by officials in the USA, which is considered the world's largest economy, and economic data from the USA may affect the leading cryptocurrency Bitcoin (BTC) and altcoins.

Recently, US Federal Reserve (FED) managers commented on the US economy. Here are the latest statements made by FED board members:

Cleveland Fed President Loretta Mester:

I expect gradual progress in reducing inflation.

Downside risks to growth and employment have diminished.

It will take longer to gain confidence that inflation will move towards 2%.

Monetary policy remains in a good position as the Fed examines more data.

The current restrictive policy will help reduce inflation.

I see CPI data as a sign of cooling inflation.

Richmond Fed President Thomas Barkin:

CPI is still not where the FED is trying to get.

To reach 2% inflation, demand needs to increase further.

Overall labor market figures are normalizing.

Unemployment claims are low by historical standards but may be rising.

I see inflation falling, we are on the right track.

I believe inflation will fall even faster, but it will take more time.

The inflation story is much longer term than what's happening in the market.

Although the leading cryptocurrency Bitcoin (BTC) rose to $66,750 during the day today, it recently fell to $64,600. BTC is currently trading at $65,339.