“We expect a 75 basis point rate hike in September, and do not expect there to be a drastic effect on the markets should that come to pass, followed by successive rate hikes until inflation is reined in and the unemployment rate returns to a healthier number,” Josh Olszewicz, head of research at digital asset fund manager Valkyrie Investments, wrote in an email immediately after the speech.
Source: https://www.coindesk.com/markets/2022/08/26/market-wrap-bitcoin-slumps-to-lowest-level-in-over-a-month-after-powell-affirms-hawkish-monetary-policy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines