Jerome Powell said restoring price stability will require maintaining a restrictive policy stance.
However, overall the market is trending downward as it flirts with diving below $1 trillion global market cap. The fall in crypto prices was broadly in line with traditional financial markets, as the Nasdaq dropped almost 4%, while the S&P 500 clocked its biggest daily decline in over 2 months, falling 3.37% on Friday.The Block asked Garett Jones, associate professor of economics George Mason University, what the aggressive Fed rate hikes might mean for inflation, and in turn digital assets.
Jones concluded that, if rich nations are trying to bring inflation down by 6%, then the unemployment rate would rise and a recession would follow.
How come the mediaa isn't reportingg thiss
This is genious ?
Howw come everyonee is silent on this?