Today, Federal Reserve Chairman Jerome Powell told a Senate Banking Committee that he’s in no rush to cut interest rates. President Trump has agitated for more intense cuts due to high inflation, but Powell remains unmoved.
He also expressed his support for comprehensive new stablecoin regulations and an end to anti-crypto debanking campaigns. Although some in the industry wish for higher rate cuts, his statements were bullish overall.
Steady Interest Rates Might Be Bullish for Crypto
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2025-02-12 00:35