📣The most important thing that came so far in Jerome Powell's speech ✌️
🟢Our inflation expectations did not match reality.
🟢We want to see inflation lower than we expected and this did not happen
🟢 It is too early to reach any conclusion about the impact of tariffs: I do not know which countries,how big they are,and how long.
🟢A decrease in core inflation to 2.5% next year,as expected,would be a great progress
🟢We do not want to make long-term decisions.
🟢A journalist to Powell: He said all these interest rate cuts but the market did not respond to you.Does this mean that the markets are fighting you?.
Answer him: The markets are affected by our decisions,but there are other factors that affect the markets.
🔵 When asked about Bitcoin reserves, Powell said we are not allowed to own Bitcoin and we are not looking to change the law.
