Fed Chair Powell:
There is broad bipartisan support for the independence of the Fed; I don’t think there is any risk of losing that independence.
The U.S. economy is doing exceptionally well.
I feel very comfortable with the current state of monetary policy.
Fed Chair Powell:
We have moved very quickly on interest rates.
The Fed is trying to find a middle ground where policy is less restrictive, allows inflation to come down, and doesn’t hurt the labor market.
We care about the relationship between cryptocurrencies and the banking system.
Fed Chair Powell:
Bitcoin is used as a speculative asset; it competes with gold, not the U.S. dollar.
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