Fed Chair Powell:
There is broad bipartisan support for an independent Fed; I don't think there's any risk that that independence will be lost.
The US economy is in exceptionally good shape.
I feel very good about the current state of monetary policy.
Fed Chair Powell:
We moved very quickly on interest rates.
The Fed is trying to find a middle ground where policy is less restrictive, allows inflation to come down, and doesn't hurt the labor market.
We care about the relationship between crypto and the banking system.
Fed Chair Powell:
Bitcoin is used as a speculative asset; it competes with gold, not the US dollar.
