Exciting statements from the Federal Reserve about digital currencies
Today saw several statements from US Federal Reserve member Waller, who said the Fed will not stand by if inflation continues to rise.
Waller said that the Fed's data indicates that the Fed may have to intervene in the month to accelerate the pace of monetary policy tightening and end the Fed's purchases before reaching the middle of next year.
Waller added that inflation pressures are extending and spreading and paving the way to continue strongly in 2022, and explained that they are a major concern for the Fed.
He went on to say that the Fed will need to look at the balance sheet after tightening monetary policy.
Waller said his biggest concern is that inflation is linked to wage demands.
Waller reiterated the Fed's awareness of its role, saying that they would not sit around and wait for inflation to subside.
But he came back to state that he prefers to finish tightening monetary policy and finish the Fed's purchases before starting to raise interest rates.
Regarding digital currencies , Waller said that Bitcoin is electronic gold in a simple way.