Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Rakin343 on September 06, 2022, 03:14:53 AM
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Bitcoinist.com
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Analyst Warns Of The Elimination Of The Middle Class; Can Bitcoin Help?
Best Owie by Best Owie
2 hours ago
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The economic situation of the United States has been getting worse in recent times, recording inflation rates that have not been seen in 40 years. Given this, the Fed obviously have their work cut out for them, and they have reportedly begun taking measures against this. Fed Chair Jerome Powell had made a speech a little over a week ago where he had described the Fed’s position as “hawkish” and warned of “pain” to come as measures are put in place.
Market Strategist Warns Of The Consequences
The Fed has not exactly been shy about what the consequences of the high inflation rates and the Fed’s stance would be. The Fed boss had explained that it would take some time to fix the economy and normalize the price volatility, letting everyone know that there would be a price to pay for this. source (https://cryptonews.net/11913081/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)