Powell: No comment on the price of bitcoin or gold, believes inflation is driven by fundamental supply and demand factors.
ChainCatcher News, Federal Reserve Chairman Powell stated that he would not comment on the prices of gold or bitcoin, and believes that inflation is driven by fundamental supply and demand factors. It is still too early to judge the impact of artificial intelligence on productivity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Under Pressure as Trump Reportedly Prepares to Strike Iran Within 24 Hours
French bond market under pressure, economists warn of risk transmission
Refining profit margins soar, ExxonMobil (XOM.US) Q3 downstream business profit set to reach historic high
ExxonMobil stated that the rise in Q3 refining margins is expected to increase profits by about $4.5 billion, although part of the growth will be offset by falling oil prices and the timing effect of derivatives losses.
Crypto prices
More
