Powell's Last Jackson Hole Speech Could Be a Big 1
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Bitcoin’s strong reaction to the Fed chair’s comments on the US economy and the bank’s monetary policy plans has traders predicting a rally to $200,000.
Investing.com-- Bitcoin retreated to hit a two-week low on Wednesday, as investors reduced positions ahead of the Federal Reserve’s Jackson Hole symposium, and assessed geopolitical risks with potential Russia-Ukraine talks ahead.
Crypto traders had been preparing in recent days for a more-hawkish tone from Fed Chair Jerome Powell's highly anticipated speech in Jackson Hole.
OKB surged to a new all-time high, Kanye West's YZY crashed, and Bitcoin fell below $113K ahead of Jerome Powell's Jackson Hole speech.
Federal Reserve Chair Jerome Powell on Friday used his Jackson Hole speech to acknowledge rising risks to U.S. employment, signaling the central bank may be preparing to shift its policy stance.