How Bitcoiners Should Watch the US Federal Reserve Meeting on Wednesday?

[Malam90]

Comments from Fed chair Jerome Powell could tell bitcoiners how committed the central bank is to staying the course on low interest rates through the rest of the year. It’s the debate the Federal Reserve isn’t ready to have yet: How to keep inflation from spiraling out of control once the economy opens back up.

Considering the devastating toll from the coronavirus and the trillions of dollars of stimulus pumped into the financial system over the past year, top economists say the looming transition could present one of the more challenging episodes in the U.S. central bank’s 108-year history – while providing a crucial test of bitcoin’s use as a possible inflation hedge.

Economists are watching Fed Chair Jerome Powell’s remarks on Wednesday when he’ll sum up the January meeting of the Federal Open Market Committee (FOMC). Powell’s comments will primarily address the short-term economic outlook but may contain hints for how the central bank plans to approach the medium to long term. News source