Fed’s hawkishness is great for crypto startups as ‘best companies aren’t built during periods of loose monetary policy,’ VC says

The Federal Reserve isn’t planning on opening the money spigots anytime soon, but that’s not stopping startup builders, venture capitalists say. Fed Chair Jerome Powell didn’t just hold interest rates steady this week, but also signalled that the cuts traders expected to see this year may be held back for longer due to the uncertainties caused by escalating war in the Middle East. High interest rates are usually bad for investors’ appetite for riskier bets such as cryptocurrencies and untested tech star ...