From Yahoo Finance: 2025-05-15 12:43:00

Federal Reserve Chair Jerome Powell warns of persistent inflation due to global supply shocks, impacting interest rates. Crypto analysts react, noting the challenge for central banks in managing supply-side driven inflation. Powell suggests a review of Fed’s approach to inflation and employment goals due to evolving economic realities and potential supply shocks.

Inflation isn’t driven by consumer spending but by supply-side shocks like tariffs, creating challenges for the Fed. Keeping interest rates high may be necessary, affecting economic growth and job opportunities. Powell acknowledges the need for central banks to adapt to potential persistent supply shocks and changing economic environments.

Bitcoin surpasses $100,000 amidst economic uncertainty, reflecting optimism for global liquidity growth. Analysts see Bitcoin as a safe haven asset in high real interest rate environments. Milestones like Coinbase’s S&P 500 inclusion and New Hampshire’s allowance of public funds in Bitcoin highlight its shift from being a risky bet to a serious investment for various entities.



Read more at Yahoo Finance: Fed Chair warns of ‘persistent supply shocks’, analyst responds