US Federal Reserve Chairman Jerome Powell speaks at a press conference. In general, there is a lot in common with the US Federal Reserve's cover letter after the interest rate decision. But there are additional theses. So far, however, no sensations. And, more importantly, without much positive for the markets.

Main points:

- Inflation has decreased significantly, but is still high. We maintain our restrictive policy.

- This year, the Fed has not received greater confidence in reducing inflation to its target level of 2%.

- If the economy remains stable and inflation continues, then rates will remain at the same level as long as necessary.

- The Fed needs more positive macro data to strengthen confidence in the speedy achievement of the inflation target.  

- We maintain increased attention to inflation risks.

- The economy has made significant progress, the number of jobs is growing, the unemployment rate remains low (pre-election theses for Biden - editor's note). 

- The labor market is stabilizing, and there is a path towards balance.

- If the labor market weakens unexpectedly, the Fed will be prepared to respond.

- I consider all the Fed’s forecasts regarding the dynamics of rates to be plausible. 

- The Fed's forecasts are not a plan or some kind of decision of ours; they can be adjusted.

- Consumer spending is at a stable level.

- The Fed expects a slowdown in GDP growth.

The speech is over, questions from journalists begin.

So far, both the interest rate decision, the publication of the cover letter, and Powell’s speech, the#BTCrate is only declining.