➡️Jerome Powell, Chair of the Federal Reserve:
It’s time to adjust the Fed's monetary policy (lower the rate).
▪️ We will do everything possible to support a strong labor market.
▪️ The timing and pace of rate cuts depend on macroeconomic data and the balance of risks.
▪️ Inflation is steadily moving towards the 2% target.
▪️ We have made significant progress in achieving price stability without causing a sharp rise in unemployment
Isn’t this a celebration, folks?🙂#PowellAtJacksonHole #CryptoMarketMoves