Bitcoin holds steady as Fed chair Powell hints at rate cuts in September, reiterates no plans for CBDC

Federal Reserve Chair Jerome Powell suggested on Wednesday that the central bank might reduce interest rates at its upcoming September meeting if the current trend of easing inflation continues. This announcement comes as recent data indicates a decline in inflation closer to the Fed’s 2% target, while unemployment has risen slightly above 4%. Powell said: […] source: https://cryptoslate.com/bitcoin-holds-steady-as-fed-chair-powell-hints-at-rate-cuts-in-september-reiterates-no-plans-for-cbdc/