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Analyst who predicted 2021 crash says 'markets were better off with Powell'
On April 29, Jerome Powell addressed the United States Federal Reserve as chair for the last time. Apart from keeping the interest rates unchanged at 3.5%–3.75% range, Powell also announced that he would remain on the Board of Governors until at least January 2028. "I had long planned to be retiring," Powell said. "The things that have happened really in the last three months have, I think, left me no choice but to stay until I see them through at least that long." However, an analyst feels Powell was much better for the crypto markets. For all the friction between Powell and crypto markets over interest rates, his ... (full story)
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