Speaking at a press conference held on April 28, the US Central Bank President Jerome Powell , against him Dogeco’s and by naming answer questions about the controversial GameStop shares were as follows:
“Most people move by looking at asset prices. And I think that creates the bubble in the stock markets. ”
The Fed did not change the policy rate in line with the expectations and kept the interest rate stable between 0-0.25 percent. Addressing this issue, Powell signaled that the Fed is not close to withdrawing its monetary support, claiming that the economy is still far from reaching the targets of the central bank, making the following comments:
“The economy is far from our goals and it will probably take some time to make great progress.”
With such a statement, Dogecoin continues to be traded with high volatility. While the popularity of the famous entrepreneur Elon Musk is suddenly increasing, some analysts think that the situation will not go this way and Dogecoin will explode .
Dogecoin (DOGE) is currently trading at $ 0.3088 according to CoinMarketCap data as of the writing of our news .