Central Banks Support Powell, Affirm Fed Independence Amid Crypto Concerns
According to Cointelegraph, crypto experts suggest that political pressure on the U.S. Federal Reserve could introduce volatility into the crypto market. The report indicates that this volatility might lead to a shift of investment flows toward assets like Bitcoin and gold. The show of support from world central banks emphasizes the importance of the Fed's independence in maintaining economic stability, especially considering the potential impact of political influence on investment strategies within the cryptocurrency space.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.