The Fed wants higher inflation. What does this mean for bitcoin?

The Fed wants higher inflation. This is evident from the words of the head of the US central bank. What does this mean for the markets, especially for Bitcoin? [...] https://www.pinterest.com/pin/1085437947660215829/

The Fed wants higher inflation. This is evident from the words of the head of the US central bank. What does this mean for the markets, especially for Bitcoin? The Fed and inflation - The Federal Reserve will no longer do anything to keep inflation in check, Chairman Jerome Powell said on Thursday. In other words, the Fed wants a devalued dollar and higher inflation. So far, every spike in inflation has been countered with an interest rate hike. The idea was to keep prices from rising too fast. The problem is that Powell's words suggest a change in that strategy. Thus, the Fed's inflation target may be quickly pierced, which does not mean anything good for the frugal Americans. All because of the crisis caused by the coronavirus epidemic. Powell said that the Fed will now accept a moderate increase in inflation, but only if it has a positive impact on the labour market. The U.S. has been reporting alarming news on the state of employment. At the beginning of the pandemic there were even 5-6 million applications for unemployment benefits per week. That number is no longer as high, but unemployment is still high. As CNBC suggests, inflation is expected to be between 2.25 and 2.5 percent according to the Fed. - Many may say that this contradicts the Fed's role. But persistently low inflation can be very risky for the economy in the long run, Jerome Powell said. What does this mean for the stock market and BTC? It's not hard to grasp how the above could affect the price of BTC. Investors will look for assets that can help them preserve the purchasing value of money. Thus, they will direct their steps towards Wall Street gold and maybe cryptocurrency exchanges. You can always check the current cryptocurrency rates in the tabs: bitcoin rate and cryptocurrency rates at bitcoin.pl. A safe and secure place to buy Bitcoin and other cryptocurrencies is i.a. Polish cryptocurrency exchange BitBay. If you don't have an account on BitBay yet, this article will show you how to create one quickly and efficiently: LINK. Tags dollar FED inflation