At the Jackson Hole meeting, where the world central bankers came together, the US Federal Reserve (FED) Chairman Jerome Powell announced the inflation targets.
Jerome Powell 26 August In his speech at the Jackson Hole meeting on 2021 He stated that the high growth figures of the year were left behind, and that post-pandemic inflation forced the FED to increase interest rates.
Powell’s inflation targets %2 while stating, Federal Free Market Committee (FOMC) of the focal point rein in inflation stated that. price stability the foundation of a healthy market Powell explained that the burden of high inflation will fall on those who can bear it the least.
Explaining that restrictive monetary policies will be continued for a while in order to ensure price stability, Powell said if necessary. new rate hikes He agreed that he could come. Also the ring present a realistic picture and about expectations to be convincing Emphasizing the importance of household inflation expectations, Powell an indirect effect declared that.
With interest rate hikes inversely correlated moving Bitcoin (BTC) According to Coinecko data, during the day before Powell’s speech to 21,806 with Powell explaining that he has no reservations about rate hikes. to 21,240 Bitcoin dropped as of now 21,242 traded in dollars.