How Bitcoiners Should Watch the US Federal Reserve Meeting on Wednesday

How Bitcoiners Should Watch the US Federal Reserve Meeting on Wednesday

Comments from Fed chair Jerome Powell could tell bitcoiners how committed the central bank is to staying the course on low interest rates through the rest of the year.


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Fed to Keep Rates Near Zero, Treasury Purchases to Continue, Powell Expects ‘...

In a policy meeting on Wednesday, the U.S. Federal Reserve told the public that monetary easing will continue and the benchmark interest rate will be kept near zero. Just like previous statements from Federal Open Market Committee (FOMC) members, the committee within the central bank is not concerned about inflation and says that it should only have “transitory effects” on the American economy. Inflation to Have ‘Transitory Effects,’ While ‘Recovery Is Uneven and Far From Complete’ The most recent FOMC meeting held on Wednesday was no different than the....