In a speech on Friday, Fed Chair Jerome Powell doubled down on his belief that restrictive monetary policy will be required for some time. HeleneBraunn reports.
Restrictive monetary policy will likely be required for some time, Federal Reserve Chair Jerome Powell said in a long-awaited speech at the central bank’s annual economic symposium in Jackson Hole, Wyoming.
Bitcoin was little changed after the Fed chair's speech, suggesting that Powell’s rather hawkish comments were largely priced into markets already.
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