
Bitcoin, Ethereum Sink as Fed’s Hammack Makes Case for Holding Interest Rates Steady
The price of Bitcoin and other cryptocurrencies fell on Thursday as the president of the Cleveland Federal Reserve, Beth Hammack, said she wouldn’t support cutting interest rates if forced to make a decision tomorrow. “With the data I have right now and with the information I have, if the meeting was tomorrow, I would not see a case for reducing interest rates,” she told Yahoo Finance at the central bank’s annual gathering in Jackson Hole, Wyoming. Bitcoin changed hands around $112,300 on Thursday, a 1.6% dip over the past day, according to crypto data provider CoinGecko. BTC fell as low…
