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Thu, Mar 4, 2021 9:31 PM by BlocDesk

Powell Inflation Comments Pushes Bitcoin, Stocks Lower; What’s Ahead?

Bitcoin experienced a sudden sell-off as Jerome Powell vowed to keep monetary policy loose even as the US economy shows growth and inflation begins to rise. The Federal Reserve chief said during the Wall Street Journal Jobs Summit his office expects to stay “patient” in limiting support for the recovery, given that the labor market […]

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