The intrigue surrounding Powell's words about Trump's monetary policy plans in the US was resolved quickly. In the very first question, he was asked about it and he stated that he does not intend to comment on what the president said and that he has not yet had contact with Trump. But he said that they are studying Trump's orders. It does not seem to be the beginning of a public conflict between the Fed and Trump, which the markets feared.

From other theses in responses to journalists:

- My assessment of the policy course has not changed.

- The monetary policy of the Fed is well prepared to overcome risks and uncertainties.

- I see that the Fed's policy is constrained when looking at the past year. The Fed's policy has become significantly less tight than before the cuts.

- The risks regarding the Fed's dual mandate (inflation and the labor market) are well balanced.

- We do not need to see further weakening of the labor market to achieve the inflation target.

- We will focus on real progress in inflation or weakness in the labor market before proceeding with further cuts. Our policy is very well calibrated.

- At today's meeting, we started discussing strategic foundations, which will conclude by the end of summer.

- The removal of the point from the accompanying letter about progress in achieving the inflation target is not a signal.

- Forecasts are extremely uncertain. There is currently some heightened uncertainty due to significant changes in policy (change of president, - ed.), but it should pass. Currently, forecasts regarding Fed policy are temporary in nature.

- I am looking at the data that will serve as our benchmark. I expect further progress regarding inflation.

- Right now I see that things in politics and the economy are going very well.

- We are studying the details of the executive orders (Trump's orders, - ed.) and working to align our policy with the executive orders. In accordance with existing legislation.

- Right now we are in a very good position.

- The Fed will not act until it sees much more than we see now.

- I see that inflation in some areas is declining quite confidently.

The #BTC rate fell on the Fed's decision and is currently rising on Powell's speech. The perception of his theses and answers is positive.