Bill Dudley, former president of the Federal Reserve Bank in NY and chief economist at Goldman Sachs, believes that “to be effective, [the Federal Reserve] will have to inflict more losses on stock and bond investors than it has so far.”
Why the Fed may push down tech and crypto
The Fed’s tools to push stocks down are focused on raising interest rates and tightening financial conditions. These tend to directly affect the price of risk-on assets such as tech stocks and crypto. On Wednesday, April 6th, the minutes of the latest Fed meeting were released, and immediately tech stocks dropped, with the Nasdaq falling 315 points. Some stocks, such as Cloudflare, gapped down almost 10% on the news. While the internet networking company may not be a crypto project, it does have a vital role in keeping web3 infrastructure online. Amazon AWS and Cloudflare are centralized bottlenecks in the blockchain revolution, with 20% of all internet traffic passing through the Cloudflare CDN network.
We współpracy z: https://cryptoslate.com/federal-reserve-may-purposely-force-down-crypto-prices/
