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Fed chair Jerome Powell Gives Hints On Crypto Interest Rate

Fed Chair Jerome Powell says that “with inflation as high as it is, we have to make policy in real-time.” on Dec. 15.

Furthermore, U.S. inflation rates are now on the highest rate in four decades at 6.8%. Meanwhile, the Fed are targetinb is just 2%.

More so, in order to fight the inflation, the central bank notes plans to scale back its bond-buying program faster. Also, This would make ways for at least three interest rate hikes in 2022, as according to the Fed.

Furthermore, Major scale money printing and rampant inflation will unavoidably devalue the greenback.
Recall, earlier this week, Citibank CIO David Bailin makes predictions that a dollar may worth just 80-85 cents in next decade.

Additionally, Higher interest rates (now at 0.25%) may affect employment once mortgages and auto loans increase.

Also, Fed Powell acknowledges,
“We don’t have a strong labor force participation recovery yet, and we may not have it for some time,” Then, adds
“at the same time, we have to make policy now and inflation is well above target,”

Then, Fed Powell concludes.
Furthermore, The central bank will halt topping to its $8.2 trillion stash of Treasuries and mortgage securities by mid-March.

Lastly, This “tapering” of bond buying, since from March 2020 is now three months before initial plans.

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