Bitcoin increases to $ 23.3,000 because Powell confirms the inflation target of 2 %

Veröffentlicht:

Aktualisiert:

Von:

The chairman of the US Federal Reserve, Jerome Powell, spoke more about the future orientation of monetary policy on Friday after an unexpectedly strong US labor market report.

here is what he had to say:

  • during a interview repeated powell his comments from that the disinflation of the economy is still at a very early stage-especially in the apartment sector.
  • The job report on Friday, which showed over 500,000 positions created in December, confirmed this point. "It shows you why we think this is a process that takes a lot of time," he said.
  • The Chairman repeated that an inflation rate of 2 % would remain the goal of the Federal Reserve and that it would not compromise for a higher number. However, he believes that the goal will be reached in 2024 at the earliest.
  • On Monday, the Federal Reserve had assets of $ 8.4 trillion in its balance sheet. While the central bank is in reducing its balance sheet, Powell believes that it will take "a few years" for the reserves within the reserve banks to reach a "sufficient" level.
  • Jerome Powell said that the United States, who currently have less than $ 31.4 trillion, should raise their debt limit. He said the Fed would not be able to shield the economy if the government does not do so.
  • "This can really only end in a way, with the fact that the congress raises the debt limit in good time so that the USA can pay all its invoices at the due date," he explained.
  • During the lecture, the price of Bitcoin rose from $ 22,919 to $ 23,307, before he fell back to $ 22,850 at the time of writing.

Bitcoin/USD: TradingView.