Jack Mallers Says Fed Hikes or Cuts Could Still Fuel Inflation

Strike CEO Jack Mallers has argued that the debate over whether the US Federal Reserve raises or lowers interest rates may miss the broader issue facing markets. According to Bitcoin Magazine, Mallers said both policy paths could ultimately lead to inflation. His view comes as US debt-to-GDP has moved above 120%, a level he links to growing pressure on the bond market. The discussion also examines how Bitcoin compares with gold as investors assess inflation and sovereign-debt risks. The report does not frame the choice between higher or lower rates as a solution to those pressures, but instead presents inflation as the potential outcome under either direction. Bitcoin Magazine published the report on September 15, 2026, in an article written by Patrick Green.