Hey Guys,
If you've been in crypto for more than a few days, you probably know a bit about the importance of the Federal Reserve when it comes to the markets. If not, then this video is definitely for you.
The Federal Reserve is the central bank of the United States, and it's in charge of monetary policy. Basically, raising or lowering interest rates. The former tends to contract the economy, and the latter tends to expand the economy.
Making sure that employment remains high without causing too much inflation is the Federal Reserve's mandate, and as I'm sure many of you have noticed, it's been having a hard time striking a balance between the two lately.
If the Federal Reserve increases interest rates too much, it's possible that the global economy will collapse. If the Federal Reserve doesn't increase interest rates at all though, then the dollar risks entering hyper inflation territory.
Luckily we have a hero, and his name is Jerome Powell. Jerome is the chairman of the Federal Reserve, and he was recently nominated for a second term. His task is make sure neither of those two scenarios happen, and he laid it all down in his recent nomination hearing.
That's what today's video is about, and if you're wondering why Jerome's words are so important, you'll have to stick around until the end to find out!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Jerome Powell’s Full Nomination Hearing: https://www.banking.senate.gov/hearin…
► Federal Reserve Interest Rate History: https://fred.stlouisfed.org/series/FE…
► Why Inflation is No Longer “Transitory”: https://fortune.com/2021/12/03/inflat…
► China Supply Chain Issues: https://www.nytimes.com/2022/01/16/bu…
► Federal Reserve Dot Plot: https://www.bloomberg.com/news/articl…
► Interest Rate Hikes Cause Market Rallies: https://www.cnbc.com/2021/12/10/jim-c…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
