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Bitcoin Price (BTC) Hovers Below $27K as Fed Chair Powell Makes Modestly Dovish Comments

Altszn.com by Altszn.com
May 20, 2023
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Bitcoin Price (BTC) Hovers Below K as Fed Chair Powell Makes Modestly Dovish Comments
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“The financial stability tools helped to calm conditions in the banking sector,” said Powell. “Developments there, on the other hand, are contributing to tighter credit conditions and are likely to weigh on economic growth, hiring and inflation,” he continued. “As a result, our policy rate may not need to rise as much as it would have otherwise to achieve our goals.”

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Read More: www.coindesk.com

Tags: 27KBitcoinBTCchairCommentsDovishFedHoversModestlyPowellPrice
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