Fed's Waller Sparks Debate on Interest Rates and Bitcoin with Dovish Stance

Federal Reserve governors Michelle Bowman and Christopher Waller expressed differing views on the direction of interest rates. Bowman believes that rates need to be raised further to bring inflation down to the 2% target, citing high inflation levels and uneven progress. Waller, on the other hand, is becoming more confident that rates are at the right levels, although he acknowledges the need for more data. The Fed's Federal Open Market Committee is expected to keep rates unchanged at its upcoming meeting, but one more rate hike this year remains a possibility.