<center><img src='https://s3.eu-central-1.amazonaws.com/s3.cointelegraph.com/uploads/2020-09/60527f9d-5666-46d6-8023-7717d6e69f24.jpg' alt='STEEM POSTS' /></center> ##### <p>A Federal Reserve <a href="https://www.federalreserve.gov/econres/notes/feds-notes/raising-the-inflation-target-lessons-from-japan-20200108.htm">study</a> on Bank of Japan practices during its 2013 economic crisis warned that higher inflation targets could result in "never-ending monetary accommodation, even when real economic activity is strong or when financial stability risks accumulate." The Bank of Japan had introduced in March 2013 quantitative and qualitative monetary easing to stimulate the Japanese economy and increase the inflation rate.</p><p>On the heels of Powell's Jackson Hole speech, the dollar's value fell against the euro, while gold rallied back to its 1950 highs. Meanwhile, Bitcoin (<a href="https://cointelegraph.com/bitcoin-price-index">BTC</a>) has plateaued; Ether (<a href="https://cointelegraph.com/ethereum-price-index">ETH</a>) stabilized; and stocks have yet again rallied. The Fed won't be able to reverse the course from its new policy so easily, however.</p> ##### <br><center><a href='https://dlike.io/post/@bosame/bitcoin-and-cryptocurrency-are-no-hedge-for-inflation'>Shared On DLIKE</a><hr><br><a href='https://dlike.io/'><img src='https://dlike.io/images/dlike-logo.jpg'></a></center>
post_id | 87,436,726 | ||||||||||||
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author | bosame | ||||||||||||
permlink | bitcoin-and-cryptocurrency-are-no-hedge-for-inflation | ||||||||||||
category | hive-116221 | ||||||||||||
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