For all the hype around the sizable gains posted by the market-leading Bitcoin and Ethereum in recent months, it’s actually a goofy meme coin that has had one of the most meteoric rises so far in 2021. And now Dogecoin (DOGE) has even drawn comment from United States Federal Reserve Chairman Jerome Powell.
During a streaming press conference yesterday, Yahoo Finance reporter Brian Cheung asked the Chairman whether recent market events—including the GameStop stock surge and Dogecoin’s massive value increase—suggested a relationship between low rates and easier monetary policy towards such things. Cheung also asked if the Fed was concerned about financial stability, given such wild price swings.
“Some of the asset prices are high. You are seeing things in the capital markets that are a bit frothy. That’s a fact,” Fed Chair Powell says in response to a question from @bcheungz. “The overall financial stability picture is mixed, but on balance it’s manageable.” pic.twit
Źródło: https://decrypt.co/69473/crypto-traders-federal-reserve-talking-dogecoin
