Federal Reserve Chair Jerome Powell began his two days of testimony before the U.S. Congress on Wednesday.
This meeting on Capitol Hill follows the 8.6% uptick in the consumer price index (CPI), which came out last month — this was the highest increase since December 1981.
Updates on the status of the economy and the Fed’s intentions to reduce inflationary pressures not seen since the 1980s are expected from the head of the central bank.
While Powell took various questions on monetary policy, Sen. Kyrsten Sinema (D-AZ) asked about the crypto markets:
“The crypto markets …
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