US Federal Reserve Chairman Jerome Powell thinks they need to act as quickly as possible to curb rising inflation rates.
Speaking at an event in Washington, DC, Powell said: “Our (as the Fed) and my (personally) opinion is that we need to act now, forcefully.” said.
The Federal Open Market Committee, which sets interest rates in the US, is expected to meet again on September 20-21.
Regarding rising inflation rates, Fed Chairman Powell said, “As the inflation rate continues to rise above the target rate, people will be more at risk of normalizing high inflation rates.” said.
Powell also answered a few questions about cryptocurrencies and gave a good understanding of cryptocurrencies. store of value He stated that not many people use cryptocurrencies while shopping.