Fed up! Chair Powell insists rate cuts are off the table; crypto prices fall on interest rate hike

Fed up! Chair Powell insists rate cuts are off the table; crypto prices fall on interest rate hike

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Fed Chair Jerome Powell admits the central bank considered a pause in the past few days, but ultimately it chose to increase the Fed Funds target rate by 25 basis points. Inflation projections are still too high, and the Fed isn't ready to waver yet, according to Powell. There's a long way to go,…

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