(Finance) – From Jackson Hole, il Federal Reserve Chairman Jerome Powell confirmed the hard line of the American central bank in the fight against inflation, despite the risk of recession. Hawkish tones that triggered a generalized flight from riskier assets.
Cryptocurrencies have been penalized, in particular bitcoin, which has returned below the threshold of 20 thousand dollars. Also down is ethereum, the second largest digital currency, which drops almost 3% to 1,450 dollars.
Powell has warned families and businesses that large increases in the cost of money will have to be dealt with until the inflation rate is under control.