IMF: BTC usage in El Salvador will be voluntary

International monetary fund (IMF) spokesperson Kozak said when asked about bitcoin's legal tender status in El Salvador that the use of bitcoin will be voluntary. He also said that the U.S. labor market is cooling and inflation is higher than expected, but inflation is trending towards the 2% target. As uncertainty about the U.S. economic outlook remains high, the Federal Reserve needs to adjust the pace and magnitude of interest rate cuts based on upcoming data.