Bitcoin traders eye Fed’s Powell as FOMC hikes rates to 22-year highs

“The Committee seeks to attain maximum employment and inflation at the rate of 2 percent over the longer run. In assistance of these goals, the Committee decided to raise the target range for the federal funds rate to 5-1/4 to 5-1/2 percent,” it stated.”Fed funds rate chart.

“The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In assistance of these objectives, the Committee decided to raise the target variety for the federal funds rate to 5-1/4 to 5-1/2 percent,” it specified.”Fed funds rate chart.