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The Bitcoin (BTC) price has dipped back below $43,000 in wake of hawkish comments from Fed Chairman Jerome Powell, who on Wednesday commented that he doesn’t think it likely the FOMC will be confident enough to cut US interest rates as soon as March.
His comments come after the Fed announced that it had decided to leave interest rates unchanged at 5.25-5.5%, as expected.
In its policy announcement, the Fed’s statement said that interest rate cuts won’t come until the Fed has greater confidence that inflation is moving sustainably lower.
Source: https://cryptonews.com/news/bitcoin-price-dips-as-fed-chair-powell-says-march-rate-cut-unlikely-where-next-for-btc.htm