XRP Leads Recovery Among Major Cryptocurrencies; Fed Policymakers Back 75 Basis Point Hike

“I am definitely in support of doing another 75-basis-point hike in July, probably 50 in September,” Waller said, adding that a 25-basis-point hike could then be in the cards after that. Concerns that the Fed would tip the U.S. into a recession were overblown, he said, and added that he saw a “good shot” of the economy having a soft landing.