📈🔥 Bitcoin is on fire after Trump's victory! 🔥📈
Fed Chair Powell: 🤔
* "We continue to be confident that inflation will move sustainably towards 2%."
* "The labor market is not a source of inflationary pressures."
* "Overall inflation is much closer to target."
* "Core inflation remains elevated."
* Bitcoin cryptocurrency exceeds $76,400 after the US Federal Reserve’s decision to cut interest rates!
* Bitcoin records huge gains since Trump's victory in the US presidential election was announced.
Fed Chair Powell: 🤔
* "The elections will not affect politics in the short term."
* “The Fed can adjust policy restrictions more slowly or more quickly, if the economy remains strong and inflation does not fall to 2%, then policy adjustments can be made more gradually.”
* "We do not have a specific plan for interest rates, economic data will determine the pace of reduction."
* "There is a fair amount of uncertainty."
Fed Chair Powell: 🤔
* "The labor market has slowed significantly, and is now in basic equilibrium."
* "Politics is still restricted."
* "Recent economic data has been strong and very welcome."
* “If inflation remains strong, the Fed will cut rates more slowly, and if employment declines sharply, we can cut rates more quickly.”
Fed Chair Powell: 🤔
* "Some of the downside risks to the U.S. economy have receded."
* "A month or two of bad inflation data won't change the process."
* "He says he won't resign if asked (we assume he's referring to Donald Trump)."
Fed Chair Powell: 🤔
* "The Federal Reserve does not speculate, forecast, or assume what economic policies will be implemented by the U.S. administration."
* "The jobs report wasn't bad given the impact of recent climate change, but it was still worse than expected."
Fed Chair Powell: 🤔
* "The economy and politics are in very good shape."
* "The Federal Reserve Chairman may not be demoted by law."
* "People feel that next year may be stronger than this year."
* "Federal Reserve Chairman Powell: I won't resign even if Trump asks me to."
