Fed Chair Powell’s Hawkish Stance on Inflation Could Hurt Crypto

“If this forecast comes to pass, they’re going to lean on the markets; they’re going to want people to lose money,” said James A. Bianco, president and macro strategist at Bianco Research. “Will that hurt crypto markets and risk markets like stocks? Yes, and that’s part of the plan. They don’t want it to crash, they just want it to slow down.”