Fed rate cut may be politically motivated, will increase inflation — Arthur Hayes
The former BitMEX boss said the Fed has acted in the interests of presidential candidate Kamala Harris.
BitMEX co-founder Arthur Hayes believes the United States Federal Reserve’s recent rate cut was likely politically motivated and could impact markets and inflation.
Speaking to Cointelegraph at Token2049 in Singapore on Sept. 18, Hayes shared his thoughts on the Fed’s recent action, speculating it could be part of an effort to bolster support for the Democratic Party:
On Sept. 18, the Fed cut US interest rates by 50 basis points in a move widely anticipated by investors and analysts.
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Author: Martin Young
