Bitcoin Price: Ex US Fed Official Hints At FOMC-Led Limitations
Also Read: US Congressman Files Bill To Fire SEC Chair Gary Gensler Meanwhile, former Fed Vice Chair Roger Ferguson believes the ongoing market optimism resulted in the pricing in of the Fed rate hike pause already. Hence, it may be argued that there may not be much room for bullish environment in the financial markets. However, the same may not necessarily be said about Bitcoin price and Crypto Market s. Former Fed Vice Chair: Rate Hike Pause Already Priced In Speaking to CNBC on Monday, former Fed official Roger Ferguson agreed that the market is right about the Fed pause expectation. However, he said not all is fine about the quantitative easing of the Fed’s monetary policy. Citing tight labor market and rising wages, Ferguson said there was likelihood of further rate hikes in the remaining of 2023, as against the market expectation of a downward path in terms of easing the policy. Hence, this could potentially translate to increased volatility in the Crypto Market , as ri...