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The US Federal Bank (Fed) stepped on the break in the last 3 meetings in the total interest rates. As markets are expected, interest rates remained between 4.25 % and 4.5 %.
The markets were waiting for the feed to fix interest rates, but Paul’s words were also surprised. Paul said he was determined that he would achieve the target of 2 % inflation, and he would not rush into interest rates.
Paul: We’re not against it
At the end of the press conference, Powell was also asked about crypto currencies and the new government’s actions. Paul said it would be more accurate to do this for banks:
“As the Fed President, of course, I prefer banks to do this. We are not against innovation and technology. However, banks should do so after taking necessary danger measures.
Paul also said that this would create a very better environment in the crypto world.
It appeared:
