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Bitcoin Falls Back Below $11K as Markets Doubt Fed's Ability to Boost Inflation

Prevailing doubts over whether the Fed has what it takes to hit its 2% inflation target hit traditional markets and may have contributed to a bitcoin price drop on Thursday.

Updated Sep 14, 2021, 9:57 a.m. Published Sep 17, 2020, 12:14 p.m.
Federal Reserve Chair Jerome Powell
Federal Reserve Chair Jerome Powell