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🛑FED PRESIDENT ON INFLATION AND JOBS

🛑FED PRESIDENT ON INFLATION AND JOBS

Day: 09 | Time: 20:45:15 The President of the Fed has acknowledged that a weaker job market has caught his attention, but has noted that inflation remains too high. The price of Bitcoin experienced a brief rebound, but quickly gave back all its gains. The likelihood of a rate cut in September has slightly increased, as the Federal Reserve President stated that high inflation is not the only risk the economy is facing.

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The Fed Chair acknowledged a softer labor market has gotten his attention, but reminded that inflation remains too high.

Source: https://cryptonews.net/news/bitcoin/29393972/