Minneapolis FED President: “Happy to see how Powells speech was received”. Yeah we are in for a lot more pain…

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It was quite a weekend seeing Bitcoin collapse from 22k to 19k and all due to one man and one speech. Jerome Powell speaking at Jackson Hole about thr coming policy of the FED and he was pretty bearish saying that the currwnt inflation decline is not enough and they will continue their rate hikes.

Now people from the FED like Neel Kashkari have admitted that this reaction of the markets was exactly what they wanted. They wanted that markets would crash after this speech because that would show how “serious” the FED is about getting inflation to 2%.

That’s also going to be continued pressure for Crypto as the FED won’t pivot until they get their nearly impossible target done. We may be in for a more of a rocky ride…

submitted by /u/partymsl
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