On June 22, Bitcoinist analyzed that the latest Fed's latest move may inadvertently push Bitcoin to a new high in 2019. On June 19th, Federal Reserve Chairman Jerome Powell announced that he decided to maintain the federal funds benchmark interest rate in the target range of 2.25% to 2.5%. However, financial experts have noted that the Federal Open Market Committee (FOMC) has made several changes to its policy statement. CNN correspondent Paul La Monica said: "This is good news for both bitcoin and gold, both of which are considered as alternative currencies. When central banks take action to reduce the value of government-backed currencies, they should rise."