Austan Goolsbee, President of the Chicago Federal Reserve Bank, stated that the US Federal Reserve will assess inflation numbers before deciding on maintaining higher interest rates. The Fed will begin reducing rates once the path to decrease inflation is clear. Goolsbee explained that the Fed's challenge is to contain inflation without causing a major recession. The uncertainty surrounding interest rates and the macroeconomic scenario has generally been bullish for Bitcoin price. The US central bank will have to balance keeping the deflationary path going and avoiding a huge rise in unemployment.