K33 Research reports that Bitcoin may have found a market bottom and is now attractively priced for long term investors 🐂

Bullish! 🚀

BTC-1,1%

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QuietMind

· 3h ago

Gate News reported that on March 26, Federal Reserve Chair nominee Kevin Warsh hopes to significantly reduce the Federal Reserve's $66 billion asset balance sheet. Darrell Duffie, a Stanford Graduate School of Business professor and long-term Federal Reserve advisor, pointed out in a new paper that Warsh may need more than one term to complete this task. Duffie stated that if the Federal Reserve wants to significantly reduce its influence in financial markets without causing serious stress, reforms are needed, including comprehensive reforms to bank liquidity requirements and redesign of the payment system. Once Warsh is appointed by the U.S. Senate, he can immediately implement some reforms with support from colleagues. However, Duffie noted that other reforms may take up to five years, meaning the related work will extend beyond Warsh's four-year term as chair.

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