BREAKING NEWS: FED President Powell Speaks! Good or Bad for Bitcoin? Here Are His First Words..
FED Chairman Powell's speech at the ECB Forum has begun.
In recent hours, the eyes of cryptocurrency investors and traditional financial markets have turned to the 2024 Central Bank ECB Forum. The fact that US Federal Reserve (FED) Chairman Jerome Powell will give a speech at this forum attracted the attention of investors.
Recently, the panel where European Central Bank President Christine Lagarde and FED President Jerome Powell will speak has started. Here are the critical statements of FED chairman Jerome Powell:
“We continue to have solid growth and a strong labor market.
The downward trend in inflation is showing signs of resuming.
We have made a lot of progress on inflation.
We need to be more confident before reducing policy rates. We need to see more data like what we've seen recently.
The data represents that we have made significant progress.
If the labor market weakens unexpectedly, that would cause us to react.
Recently, risks have become much more balanced.
