PANews reported on December 19 that the Federal Reserve announced its latest interest rate decision, cutting interest rates by 25 basis points as expected, and the target range of the federal funds rate fell to 4.25%-4.5%. The Federal Reserve announced an interest rate decision (upper limit) of 4.50%, expected to be 4.50%, and the previous value was 4.75%. According to the Federal Reserve statement, recent data show that economic activity has grown steadily, the labor market has eased, the unemployment rate has risen but remains low, and inflation is close to the target but slightly higher. The committee will continue to reduce its balance sheet, and the resolution was supported by the majority of members. Beth Hammack opposed it and advocated maintaining interest rates at 4.5%-4.75%. Powell said at a press conference that we are not allowed to own Bitcoin and do not want to change the law.