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FED Official Speaks! Will Bitcoin (BTC) Be Affected? #NewsMessenger
FED official Waller's speech began.
As of today, it is seen that sellers dominate the crypto money industry again. Although the leading cryptocurrency Bitcoin (BTC) has not experienced a significant drop, some altcoins have experienced sharp drops again.
In the past few minutes, Christopher Waller, the official of the US Federal Reserve (FED), started talking about the economy by appearing in front of the cameras.
Starting to speak lively at the IMF Economic Conference as of now, Waller conveyed the following words in the first minutes of his speech:
“US FINANCIAL SYSTEM IS DURABLE TO LEARN MAJOR SHOCKS.”
“POLICY CHANGE IS NOT SUPPORTED DUE TO CONCERNS ABOUT A FEW BANKS.”
“FINANCIAL STABILITY IS REQUIRED FOR THE FED TO FINISH ITS MISSION.”
“IT IS NOT CLEAR HOW THE BANK CHALLENGE WILL AFFECT CREDIT TIGHTENING.”
“FED WILL USE POLICY TOOLS TO STOP FINANCIAL SYSTEM RISK BUILDING.”
“MONETARY POLICY SHOULD NOT BE CHANGED DUE TO THE INeffective MANAGEMENT OF A FEW BANKS.”
“FED'S MONETARY POLICY AND FINANCIAL STABILITY INSTRUMENTS ARE SEPARATE AND DIFFERENT.”
After these rhetoric, the leading cryptocurrency Bitcoin (BTC) faced small sales, but it managed not to fall sharply.
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