On the recordFebruary 8, 2022
The Chairman of the Fed, Jerome Powell, has testified in Congress before comparing it to a digital gold.
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congress.govThe Chairman of the Fed, Jerome Powell, has testified in Congress before comparing it to a digital gold.
Jerome Powell likens Bitcoin to digital gold in terms of its value.
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Rising downside risks to employment have shifted our assessment of the balance of risks
If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.
As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.
Tariffs this year are likely to push up prices and weigh on economic activity.