Jerome Powell emphasized that although inflation remains high, there's no guarantee of immediate improvement. Despite recent efforts, inflation hasn't decreased significantly. He reiterated the strength of the economy but doesn't foresee acceleration despite previous financial easing. Powell avoided discussing rate hikes directly in relation to inflation risks, suggesting a potential pause in policy if necessary. He noted that rates will gradually become more restrictive but assured there are no imminent plans for increases. Overall, Powell's tone was cautiously optimistic, anticipating a decline in inflation this year, which led to a 5% increase in BTC, nearly reaching $60 thousand again.#BTC #CryptoWatchMay2024 #powell