The US central bank FED announced the highly anticipated interest rate decision. The Fed increased the interest rate by 0.75 basis points. Gold and Bitcoin price suddenly dropped with the FED decision. FED Chairman Jerome Powell is holding a press conference half an hour after the announcement. Eyes on Jerome Powell’s statements… As Cryptokoin.com , we have compiled the details for you, let’s examine the subject together… The article will be constantly updated with the new statements of the FED Chairman. Update the page constantly so you don’t miss the explanations!
FED Chairman is speaking: Gold and Bitcoin investors have their eyes on these statements!
FED, the US central bank, announced its expected interest rate decision. The Fed increased the interest rate by 75 basis points. With this decision, the FED marks a first in 28 years. The FED also increased the policy rate to the range of 1.50% – 1.75%. The Fed kept its natural rate forecast at 2.0%-3.0%. He stated that the FED committee will be very careful about inflation risks. Kansas City Fed President Esther George voted to raise interest rates by 50 basis points. The Fed reiterated its view that continued rate hikes seem appropriate.
FED increased interest rates by 75 basis points, making it the hardest rate hike since 1994. FED reported that the balance sheet contraction rate continues as announced. FED increased the rediscount rate from 0.75% to 1.75%. Gold and Bitcoin price suddenly dropped with the FED decision. Now, Fed Chairman Jerome Powell is speaking. FED Chairman Jerome Powell is holding a press conference half an hour after the announcement of the interest rate decision. Jerome Powell’s first statements are as follows:
- FED reiterated its view that continued rate hikes seem appropriate.
- It is important to reduce inflation to help the labor market.
- FED has the tools to restore price stability.
- Inflation remains very high, unemployment remains low.
- FED raised inflation expectations, inflation risks are on the upside.
- FED thinks it would be appropriate to continue with interest rate hikes.
- Inflation risks are up.
- Inflation pressures are spreading.
- Monetary policy will continue to act in line with the developments in the economy.
- 75 basis point rate hikes should not be expected to continue.
- There may be an interest rate increase of 50 or 75 basis points at the next meeting.
