Crypto NewsBitcoinAfter the FED Member's Interest Statements, Bitcoin Is At $26,000 Again!

After the FED Member's Interest Statements, Bitcoin Is At $26,000 Again!

Patrick Parker, also the chairman of the Philadelphia Fed, spoke to CNBC about inflation, interest rates and the Fed's stance.

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Fed Chairman Jerome Powell's speech is expected tomorrow, while Fed member Patrick Parker, who is also the chairman of the Philadelphia Fed, spoke to CNBC about inflation, interest rates and the Fed's stance.

Stating that the FED should maintain its tight monetary policy for a while, Harker stated that interest rates will remain constant this year, and that there may be interest rate cuts if inflation falls next year.

Headlines from Harker's speech are as follows:

“We have to hold our stance tighter for a while.

We see an increase in productivity in the labor market.

There is a clear tightening in loans, but the impact of the tightening in loans on the economy is not clear.

We are not affected by the rise in the bond markets. The Fed has probably done enough on monetary policy. (Harker is referring to rate hikes here.)

We expect the unemployment rate to rise to 4% or slightly above.

I don't think artificial intelligence technology will upset the economy.

It is unclear how the slowdown in China will affect the US economy.

I think that we will keep the interest rates constant this year, and if inflation falls next year, interest rate cuts will begin.

In order to cut interest rates, we must first see inflation fall. It cannot be predicted exactly when the Fed will cut interest rates.

After Harker's statements, Bitcoin again approached the $ 26,000 limit. Meanwhile, Nasdaq continues its course with S&P 500 and Dow Jones sellers.

*Not investment advice.



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