Bitcoin climbs toward $60,000 after Fed Chair Warsh said inflation risks has come down
The Fed chair reiterated the central bank’s commitment to its 2% inflation target while signaling artificial intelligence could reshape the economy and monetary policy.
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Summary
- Bitcoin climbed back toward $60,000 after Fed Chair Kevin Warsh said inflation risks have come down while reaffirming the central bank’s 2% target.
- Warsh said AI-driven investment could expand the U.S. economy’s productive capacity, with potentially significant implications for future monetary policy.
- Fed officials joined other global central bankers in signaling a move away from explicit forward guidance on interest-rate decisions.
