Fed Ready to Act If Needed, Says Boston Fed President Collins

Bitcoin and U.S. Stocks Extend Gains After Fed’s Collins Signals Preparedness for Market Turmoil

Bitcoin and U.S. stocks continued their upward momentum following remarks from Boston Fed President Susan Collins in a recent Financial Times interview.

Key takeaways:

• Collins emphasized that the Fed is “absolutely prepared” to step in and address market challenges if they arise, signaling readiness to act if necessary.
• Despite this, she reassured that markets are currently functioning well and the central bank is not seeing any signs of liquidity issues.
• Bitcoin climbed close to $84,000, a 6% rise in just 24 hours, while both the Nasdaq and S&P 500 extended their Friday gains, each advancing nearly 2%.