Powell: We are not allowed to own Bitcoin and don’t want the law to change

PANews reported on December 19 that the Federal Reserve announced its latest interest rate decision, cutting interest rates by 25 basis points as scheduled, and the federal funds rate target range dropped to 4.25%-4.5%. The Federal Reserve announced an interest rate decision (upper limit) of 4.50%, expected 4.50%, and the previous value of 4.75%. According to a statement from the Federal Reserve, recent data show that economic activity has grown steadily, the labor market has eased, the unemployment rate has increased but remains low, and inflation is close to target but has increased slightly. The committee will continue to reduce the balance sheet, and the resolution was supported by the majority of members. Beth Hammack opposed it and advocated maintaining interest rates at 4.5%-4.75%. Powell said at the press conference that we are not allowed to own Bitcoin and do not want the law to be changed.