The US Federal Reserve (FED) determines the price movements of dollar-indexed investment instruments with the decisions it makes and the policies it follows. The FED has focused on fighting inflation by implementing tight monetary policy for the last few years.

Today, Atlanta FED President Raphael Bostic made important statements in front of the cameras. Speaking at an event held in Atlanta, Bostic emphasized that interest rates should be kept at high levels for a long time.

Warning that inflation in the USA will not drop to 2% in the short term, Bostic said:

“The Fed is pursuing a restrictive policy, and that helps reduce inflation.” "The Fed still has steps to take to return inflation to target." "The question now is how fast the economy will slow down." "The economy remains extremely resilient, but the appetite for spending and investment has diminished." "The Fed should be patient as long as inflation continues to slow. The Fed can continue to be patient as long as expectations do not change." “There is no reason for the Fed to intervene in an emergency.” "We must be patient, we do not expect inflation to reach 2% tomorrow." "We are in no rush to raise interest rates, but equally we are in no rush to cut rates or ease policy."

FED official Bostic's statements did not affect the leading cryptocurrency Bitcoin (BTC).#BitcoinDunyamiz

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