⚡ Jerome Powell (Chairman of FED ):
✔ The Fed will take a break to better understand the situation.
✔ Trade tariffs are likely to lead to increased inflation.
✔ It is too early to say what the correct DCT rate should be.
✔ The economic impact of tariffs appears to have been greater than expected.
✔ Most long-term inflation indicators remain stable.
✔ The Fed's job is to ensure that a one-time price increase does not turn into a protracted inflationary problem.
✔ The future remains highly uncertain, and the risks of rising unemployment and inflation are elevated.
✔ The data point to stable growth, a balanced labor market and inflation that is now much closer to the 2% target, but still slightly higher.
✔ The Fed is closely monitoring discrepancies between hard and soft data.
✔ Surveys show that new federal policies, particularly on trade, are increasing uncertainty and lowering expectations.
✔ Progress towards achieving the 2% inflation target has slowed.
✔ Prices will not go down - people understand that they are spending more, and they have every right to be unhappy about it.
✔ Dissatisfaction with the economy appears to be linked to past inflation spikes.
✔ Inflation has fallen significantly and the unemployment rate is close to the maximum employment level.
✔ The Fed does not have its own recession forecast, but external estimates indicate an increased likelihood of its occurrence.
✔ Tariffs turned out to be higher than most analysts expected, but it is not yet clear what all this will lead to.
✔ In a year, the level of uncertainty should decrease significantly, as the consequences of Donald Trump's policies become clearer.
✔ It is too early to say what the DCT response should be.
#news #BTC #NewsAboutCrypto #newscrypto #newsdaily $XRP $BNB $ETH