Hawkish Fed Powell Crashes Markets – Bitcoin Magazine

Hawkish Fed Powell Crashes Markets – Bitcoin Magazine

November 3, 2022 by keithhill530
275
[ad_1] The Federal Open Markets Committee, the U.S. central bank’s body responsible for setting monetary policy, raised interest rates by 75 basis points on Wednesday for the fourth consecutive time as Federal Reserve governors attempt to battle stubborn inflation levels in the country. Jerome Powell, Chairman of the Federal Reserve and the FOMC, joined a