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🚨🇺🇲 REPORTS: U.S. Senator Elizabeth Warren has asked Fed Chair Jerome Powell to lower interest rates. #FOMC #FED #JeromePowell
🚨🇺🇲 REPORTS: U.S. Senator Elizabeth Warren has asked Fed Chair Jerome Powell to lower interest rates. #FOMC #FED #JeromePowell
Jerome Powell's speech🚨🇺🇸Here is the full coverage of #JeromePowell Powell's speech, in addition to journalists' questions and his responses to them.📍🇺🇸 The #USGDP Federal Reserve is committed to returning inflation towards its specified target and optimal exploitation of the labor market.📍🇺🇸In light of recent developments, the US Federal Reserve has become more cautious.📍🇺🇸Additional tightening of monetary policy will depend on how economic data develops.📍🇺🇸Recent data indicates that economic activity is growing at a very strong pace.📍🇺🇸Conditions in the labor market are still very strong, although the pace has clearly slowed.​📍🇺🇸Demand for employment still exceeds supply.📍🇺🇸US inflation is still higher than its target.📍🇺🇸Inflation has moderated clearly during the recent period.Some positive data does not mean that we have achieved our goal.📍🇺🇸We still have a lot of time to achieve the inflation target.The US Federal Reserve understands the difficulty of inflation for citizens.📍🇺🇸The US Federal Reserve raised interest rates significantly to control high inflation.📍🇺🇸The US Federal Reserve is committed to a tightening monetary policy in an attempt to control inflation and move towards its specified target.📍🇺🇸 The lack of calm conditions in the labor market may represent a danger to achieving the US Federal Reserve’s inflation target.📍🇺🇸The US Federal Reserve is monitoring local and global developments very carefully.📍🇺🇸The upcoming interest rate decisions will be taken at each meeting separately, and will depend on the upcoming economic data.📍🇺🇸The US Federal Reserve is committed to returning inflation towards its specified target, and this may require that conditions in the labor market weaken slightly.📍🇺🇸 We understand that the decisions of the US Federal Reserve affect all citizens.📍🇺🇸All decisions taken by the Fed are consistent with its commitments to achieving the goals of inflation and optimal exploitation of the labor market.🚨🇺🇸Jerome Powell answers journalists’ questions:📍🇺🇸Inflation has clearly decreased, but it is still above its target.📍🇺🇸Unemployment has risen slightly, but conditions in the labor market are still very strong.📍🇺🇸The US Federal Reserve is not yet sure that it has reached the peak of raising interest.📍🇺🇸 Tight monetary policy should remain for a while.We will take a decision to tighten monetary policy further if this is appropriate to curb high inflation.📍🇺🇸We have a lot of economic data, whether inflation data, labor market data, or economic growth data.📍🇺🇸All of this data affects interest decisions.📍🇺🇸Making a decision to raise interest again may depend on the pace of upcoming data.📍🇺🇸Economic recession is not among our basic scenarios.📍🇺🇸Financial conditions are very restricted at the moment and this can be clearly seen.📍🇺🇸It seems that our monetary policy is starting to affect the economy, but the American economy appears to be stronger and more resilient than we thought.📍🇺🇸We are dealing with the current economic situation as it currently is.📍🇺🇸If members of the US Federal Reserve see that the economic situation requires raising interest again, it will take a decision to do so.📍🇺🇸The current question currently is to what extent the US Federal Reserve can raise the interest rate.📍🇺🇸The next question will be to what extent the US Federal Reserve can maintain high interest rates.📍🇺🇸I think that the thinking might be to raise the interest rate once additionally, not twice.📍🇺🇸 The US Federal Reserve is monitoring geopolitical tensions as they occur in Russia and Ukraine and between Hamas and Israel.📍🇺🇸The best task the US Federal Reserve can do for the United States is to restore the goal of price stability.📍🇺🇸We are trying to restore the inflation target without unemployment rising too high.📍🇺🇸Economic growth is very strong.📍🇺🇸 Most likely, we may need economic growth to slow down and conditions in the labor market to calm down, in order for us to restore the inflation target.📍🇺🇸We are currently working together to achieve the inflation goal.📍🇺🇸We may need some slowdown until the goal of price stability is achieved.📍🇺🇸Economic data is what will tell us what to do and whether we will continue to raise interest or not.📍🇺🇸 Interest expectations for US Federal Reserve members may change based on economic developments.📍🇺🇸 Interest expectations were changed during the quarterly meetings of the US Federal Reserve based on economic developments.📍🇺🇸The US Federal Reserve moves each meeting individually, and this depends on the economic data.📍🇺🇸The US Federal Reserve is moving very cautiously, and monetary policy is tightening at the present time, and we are seeing its repercussions on the American economy currently.📍🇺🇸We monitor many economic conditions and developments.

Jerome Powell's speech

🚨🇺🇸Here is the full coverage of #JeromePowell Powell's speech, in addition to journalists' questions and his responses to them.📍🇺🇸 The #USGDP Federal Reserve is committed to returning inflation towards its specified target and optimal exploitation of the labor market.📍🇺🇸In light of recent developments, the US Federal Reserve has become more cautious.📍🇺🇸Additional tightening of monetary policy will depend on how economic data develops.📍🇺🇸Recent data indicates that economic activity is growing at a very strong pace.📍🇺🇸Conditions in the labor market are still very strong, although the pace has clearly slowed.​📍🇺🇸Demand for employment still exceeds supply.📍🇺🇸US inflation is still higher than its target.📍🇺🇸Inflation has moderated clearly during the recent period.Some positive data does not mean that we have achieved our goal.📍🇺🇸We still have a lot of time to achieve the inflation target.The US Federal Reserve understands the difficulty of inflation for citizens.📍🇺🇸The US Federal Reserve raised interest rates significantly to control high inflation.📍🇺🇸The US Federal Reserve is committed to a tightening monetary policy in an attempt to control inflation and move towards its specified target.📍🇺🇸 The lack of calm conditions in the labor market may represent a danger to achieving the US Federal Reserve’s inflation target.📍🇺🇸The US Federal Reserve is monitoring local and global developments very carefully.📍🇺🇸The upcoming interest rate decisions will be taken at each meeting separately, and will depend on the upcoming economic data.📍🇺🇸The US Federal Reserve is committed to returning inflation towards its specified target, and this may require that conditions in the labor market weaken slightly.📍🇺🇸 We understand that the decisions of the US Federal Reserve affect all citizens.📍🇺🇸All decisions taken by the Fed are consistent with its commitments to achieving the goals of inflation and optimal exploitation of the labor market.🚨🇺🇸Jerome Powell answers journalists’ questions:📍🇺🇸Inflation has clearly decreased, but it is still above its target.📍🇺🇸Unemployment has risen slightly, but conditions in the labor market are still very strong.📍🇺🇸The US Federal Reserve is not yet sure that it has reached the peak of raising interest.📍🇺🇸 Tight monetary policy should remain for a while.We will take a decision to tighten monetary policy further if this is appropriate to curb high inflation.📍🇺🇸We have a lot of economic data, whether inflation data, labor market data, or economic growth data.📍🇺🇸All of this data affects interest decisions.📍🇺🇸Making a decision to raise interest again may depend on the pace of upcoming data.📍🇺🇸Economic recession is not among our basic scenarios.📍🇺🇸Financial conditions are very restricted at the moment and this can be clearly seen.📍🇺🇸It seems that our monetary policy is starting to affect the economy, but the American economy appears to be stronger and more resilient than we thought.📍🇺🇸We are dealing with the current economic situation as it currently is.📍🇺🇸If members of the US Federal Reserve see that the economic situation requires raising interest again, it will take a decision to do so.📍🇺🇸The current question currently is to what extent the US Federal Reserve can raise the interest rate.📍🇺🇸The next question will be to what extent the US Federal Reserve can maintain high interest rates.📍🇺🇸I think that the thinking might be to raise the interest rate once additionally, not twice.📍🇺🇸 The US Federal Reserve is monitoring geopolitical tensions as they occur in Russia and Ukraine and between Hamas and Israel.📍🇺🇸The best task the US Federal Reserve can do for the United States is to restore the goal of price stability.📍🇺🇸We are trying to restore the inflation target without unemployment rising too high.📍🇺🇸Economic growth is very strong.📍🇺🇸 Most likely, we may need economic growth to slow down and conditions in the labor market to calm down, in order for us to restore the inflation target.📍🇺🇸We are currently working together to achieve the inflation goal.📍🇺🇸We may need some slowdown until the goal of price stability is achieved.📍🇺🇸Economic data is what will tell us what to do and whether we will continue to raise interest or not.📍🇺🇸 Interest expectations for US Federal Reserve members may change based on economic developments.📍🇺🇸 Interest expectations were changed during the quarterly meetings of the US Federal Reserve based on economic developments.📍🇺🇸The US Federal Reserve moves each meeting individually, and this depends on the economic data.📍🇺🇸The US Federal Reserve is moving very cautiously, and monetary policy is tightening at the present time, and we are seeing its repercussions on the American economy currently.📍🇺🇸We monitor many economic conditions and developments.
#UsFed #inflation #JeromePowell $BTC $ETH $BNB Here's a summary of the statement by Federal Reserve Chairman Jerome Powell: ➡️ 1. Inflation has decreased significantly but remains very high. ➡️ 2. The Federal Reserve reaffirms its long-term inflation target of 2%. ➡️ 3. Strong migration rates have boosted labor market participation. ➡️ 4. The Federal Reserve notes that the unemployment rate remains low. ➡️ 5. Economic outlook is uncertain, and the Federal Reserve is attentive to risks. ➡️ 6. The Federal Reserve needs more confidence that inflation is heading towards 2%. ➡️ 7. The fight against inflation is likely to continue for years. ➡️ 8. Powell stated that if the economy remains strong and inflation persists, high interest rates will remain for a longer period. ➡️ This comes after they raised their core and headline inflation forecasts for personal consumption expenditures. 🔰 If you found this content helpful, following and sharing would help a lot.
#UsFed
#inflation
#JeromePowell

$BTC
$ETH
$BNB

Here's a summary of the statement by Federal Reserve Chairman Jerome Powell:

➡️ 1. Inflation has decreased significantly but remains very high.

➡️ 2. The Federal Reserve reaffirms its long-term inflation target of 2%.

➡️ 3. Strong migration rates have boosted labor market participation.

➡️ 4. The Federal Reserve notes that the unemployment rate remains low.

➡️ 5. Economic outlook is uncertain, and the Federal Reserve is attentive to risks.

➡️ 6. The Federal Reserve needs more confidence that inflation is heading towards 2%.

➡️ 7. The fight against inflation is likely to continue for years.

➡️ 8. Powell stated that if the economy remains strong and inflation persists, high interest rates will remain for a longer period.

➡️ This comes after they raised their core and headline inflation forecasts for personal consumption expenditures.

🔰 If you found this content helpful, following and sharing would help a lot.
Breaking News🛑🛑🛑: Fed Chair Jerome Powell to Speak at 4:30 PM Today! Tune in as Federal Reserve Chairman Jerome Powell delivers a highly anticipated speech at 4:30 PM, shedding light on the current economic landscape, monetary policy, and progress on inflation. With market interest rates and economic strategies hanging in the balance, this speech is a crucial event for investors and traders alike. Stay informed and get ready for potential market movements! #JeromePowell #FederalReserve #Bitcoin❗
Breaking News🛑🛑🛑: Fed Chair Jerome Powell to Speak at 4:30 PM Today!

Tune in as Federal Reserve Chairman Jerome Powell delivers a highly anticipated speech at 4:30 PM, shedding light on the current economic landscape, monetary policy, and progress on inflation. With market interest rates and economic strategies hanging in the balance, this speech is a crucial event for investors and traders alike.

Stay informed and get ready for potential market movements!

#JeromePowell #FederalReserve #Bitcoin❗
BITCOIN BULL RUN IMMINENT! Get ready for a bull run! Despite Fed Chairman Jerome Powell's positive speech on the strong labor market and improving inflation, Bitcoin (BTC) plummeted from $63,800 to $60,600. However, this drop was not due to the content of his speech, but rather a knee-jerk reaction from mid-sized and large investors who withdrew their funds ahead of the speech, anticipating market volatility. This correction was necessary, as BTC was due for a pullback after reaching new highs. The market cannot constantly go up, and this dip has created a buying opportunity. The good news is that July has historically seen significant BTC inflows from major institutions like Fidelity, BlackRock, and Vaneck, which will likely support the price. These institutional investors have a significant stake in the US economy and will not let BTC fail. They are poised to push BTC to new heights. Do your own research (DYOR) and get ready for a potential bull run! #JeromePowell #BullRunAhead #Write2Earn!
BITCOIN BULL RUN IMMINENT!

Get ready for a bull run! Despite Fed Chairman Jerome Powell's positive speech on the strong labor market and improving inflation, Bitcoin (BTC) plummeted from $63,800 to $60,600. However, this drop was not due to the content of his speech, but rather a knee-jerk reaction from mid-sized and large investors who withdrew their funds ahead of the speech, anticipating market volatility.

This correction was necessary, as BTC was due for a pullback after reaching new highs. The market cannot constantly go up, and this dip has created a buying opportunity. The good news is that July has historically seen significant BTC inflows from major institutions like Fidelity, BlackRock, and Vaneck, which will likely support the price.

These institutional investors have a significant stake in the US economy and will not let BTC fail. They are poised to push BTC to new heights. Do your own research (DYOR) and get ready for a potential bull run!

#JeromePowell #BullRunAhead #Write2Earn!
FED's Chairman Powell's Speech Today Were Highlighted.U.S. #regulations can grow digital assets properly #JeromePowell , chairman of the Federal Reserve System (Fed), said at a hearing in the House of Representatives from 0:00 on the 9th, Korean time, 'Do you think there is more potential for growth if there are safeguards and regulations for digital assets in the United States?' In response to the query, he replied, "I think it can grow if regulations are prepared and operated in a safe and sound way." He added, “I think the government can play an important role in regulating cryptocurrencies. Powell, chairman of the #FederalReserve System (Fed), said at a hearing in the House of Representatives from 0:00 on the 9th, Korean time, "There is no new news right away regarding the issuance of CBDC (central bank issued digital currency), but several studies are currently underway. We are also discussing various directions internally.” "Nothing has been decided about CBDC right now. It's still in the experimental stage, even in the very early stages. There is no problem with dollar-pegged stablecoins right now... Reserve details are unclear. He said at a hearing in the House of Representatives from 0:00 on the 9th, Korean time, "Currently, some stablecoins are pegged 1-to-1 with the dollar, so there is no problem, but this peg history. I haven’t been able to look into details.” Earlier, he said at a Senate House hearing the day before, "I believe stablecoins and some public blockchains are risky, which are vulnerable to fraud and money laundering, but properly regulated stablecoins may exist. "Inflation is easing, but remains very high" Jerome Powell said at a hearing in the House of Representatives from 0:00 on the 9th (Korean time), "Inflation is easing, but remains very high. This is due to the tight labor market. "We also believe that volatile inflation is not very conducive to real wage growth." "It may be higher than the final rate of 5.5% ... It is not yet decided whether to raise the rate in March" Jerome Powell responded to a lawmaker's question, "Do we have to go through an economic recession to ease inflation?" I'm looking into it," he replied. He said, "I cannot answer the question 'Can the final interest rate be higher than 5.5%?' However, considering the data so far, there is a possibility that the final interest rate will be higher than 5.5%. No important data to refer to this has been announced yet.

FED's Chairman Powell's Speech Today Were Highlighted.

U.S. #regulations can grow digital assets properly

#JeromePowell , chairman of the Federal Reserve System (Fed), said at a hearing in the House of Representatives from 0:00 on the 9th, Korean time, 'Do you think there is more potential for growth if there are safeguards and regulations for digital assets in the United States?' In response to the query, he replied, "I think it can grow if regulations are prepared and operated in a safe and sound way." He added, “I think the government can play an important role in regulating cryptocurrencies.

Powell, chairman of the #FederalReserve System (Fed), said at a hearing in the House of Representatives from 0:00 on the 9th, Korean time, "There is no new news right away regarding the issuance of CBDC (central bank issued digital currency), but several studies are currently underway. We are also discussing various directions internally.” "Nothing has been decided about CBDC right now. It's still in the experimental stage, even in the very early stages.

There is no problem with dollar-pegged stablecoins right now... Reserve details are unclear.

He said at a hearing in the House of Representatives from 0:00 on the 9th, Korean time, "Currently, some stablecoins are pegged 1-to-1 with the dollar, so there is no problem, but this peg history. I haven’t been able to look into details.” Earlier, he said at a Senate House hearing the day before, "I believe stablecoins and some public blockchains are risky, which are vulnerable to fraud and money laundering, but properly regulated stablecoins may exist.

"Inflation is easing, but remains very high"

Jerome Powell said at a hearing in the House of Representatives from 0:00 on the 9th (Korean time), "Inflation is easing, but remains very high. This is due to the tight labor market. "We also believe that volatile inflation is not very conducive to real wage growth."

"It may be higher than the final rate of 5.5% ... It is not yet decided whether to raise the rate in March"

Jerome Powell responded to a lawmaker's question, "Do we have to go through an economic recession to ease inflation?" I'm looking into it," he replied. He said, "I cannot answer the question 'Can the final interest rate be higher than 5.5%?' However, considering the data so far, there is a possibility that the final interest rate will be higher than 5.5%. No important data to refer to this has been announced yet.

#US Senator Elizabeth Warren has called for #FederalReserve Chair #JeromePowell to recuse himself from an internal review into the bank's activities, citing his leadership of the "de-regulatory movement" at the institution. #CoinGabbar #BTC
#US Senator Elizabeth Warren has called for #FederalReserve Chair #JeromePowell to recuse himself from an internal review into the bank's activities, citing his leadership of the "de-regulatory movement" at the institution. #CoinGabbar #BTC
Bitcoin Price Surges as Jerome Powell’s Speech Hints at Looser Monetary PolicyBitcoin Price Surges After Powell’s Speech In a surprising turn of events, Bitcoin's price has surged following a recent speech by Federal Reserve Chair Jerome Powell. The cryptocurrency, which has seen fluctuating values over the past months, witnessed a notable uptick as investors reacted to Powell’s comments on economic policy. Market Reaction Jerome Powell's speech focused on the Federal Reserve's ongoing efforts to manage inflation and stimulate economic growth. While Powell's remarks were largely expected to reinforce the Fed's cautious stance on interest rates, the market interpreted them as a signal that more accommodative monetary policies could be on the horizon. This anticipation has injected optimism into risk assets, including Bitcoin. Bitcoin, often seen as a hedge against inflation and economic uncertainty, responded positively to the perceived dovish tone of Powell's speech. The cryptocurrency’s price jumped by over 10% within hours of the speech, reaching a new high for the month. Underlying Factors Several factors contribute to Bitcoin’s price movement in response to economic indicators. Firstly, Bitcoin's status as a digital store of value makes it sensitive to inflationary pressures. When central banks signal a willingness to keep monetary policies loose, it often boosts investor confidence in assets like Bitcoin, which are perceived as protection against devaluation of fiat currencies. Secondly, Powell’s speech suggested a commitment to maintaining accommodative monetary policies in the near term, which could imply continued low interest rates. This environment is favorable for speculative assets, including cryptocurrencies, as investors seek higher returns in a low-yield world. Investor Sentiment The surge in Bitcoin’s price also reflects broader investor sentiment. As the market reacts to Powell’s speech, there is a growing belief that Bitcoin could continue to benefit from ongoing economic uncertainties and shifts in monetary policy. Institutional interest in Bitcoin and other cryptocurrencies has been increasing, further fueling the positive sentiment. Looking Ahead While the immediate reaction to Powell’s speech has been bullish for Bitcoin, investors should remain cautious. Cryptocurrencies are known for their volatility, and external factors, including regulatory developments and macroeconomic changes, can influence price movements. In the coming weeks, market participants will closely monitor further statements from the Federal Reserve, economic data releases, and other geopolitical events that could impact Bitcoin’s trajectory. Conclusion Jerome Powell’s recent speech has injected renewed vigor into Bitcoin’s market performance. As the Federal Reserve navigates economic challenges, Bitcoin’s role as a hedge against inflation and economic uncertainty appears to be gaining traction. While the short-term outlook is positive, investors should stay informed and prepared for potential fluctuations in this dynamic and evolving market. #bitcoin☀️ #Bitcoin❗ #BTC☀ #surge #JeromePowell $BTC {spot}(BTCUSDT)

Bitcoin Price Surges as Jerome Powell’s Speech Hints at Looser Monetary Policy

Bitcoin Price Surges After Powell’s Speech
In a surprising turn of events, Bitcoin's price has surged following a recent speech by Federal Reserve Chair Jerome Powell. The cryptocurrency, which has seen fluctuating values over the past months, witnessed a notable uptick as investors reacted to Powell’s comments on economic policy.
Market Reaction
Jerome Powell's speech focused on the Federal Reserve's ongoing efforts to manage inflation and stimulate economic growth. While Powell's remarks were largely expected to reinforce the Fed's cautious stance on interest rates, the market interpreted them as a signal that more accommodative monetary policies could be on the horizon. This anticipation has injected optimism into risk assets, including Bitcoin.
Bitcoin, often seen as a hedge against inflation and economic uncertainty, responded positively to the perceived dovish tone of Powell's speech. The cryptocurrency’s price jumped by over 10% within hours of the speech, reaching a new high for the month.
Underlying Factors
Several factors contribute to Bitcoin’s price movement in response to economic indicators. Firstly, Bitcoin's status as a digital store of value makes it sensitive to inflationary pressures. When central banks signal a willingness to keep monetary policies loose, it often boosts investor confidence in assets like Bitcoin, which are perceived as protection against devaluation of fiat currencies.
Secondly, Powell’s speech suggested a commitment to maintaining accommodative monetary policies in the near term, which could imply continued low interest rates. This environment is favorable for speculative assets, including cryptocurrencies, as investors seek higher returns in a low-yield world.
Investor Sentiment
The surge in Bitcoin’s price also reflects broader investor sentiment. As the market reacts to Powell’s speech, there is a growing belief that Bitcoin could continue to benefit from ongoing economic uncertainties and shifts in monetary policy. Institutional interest in Bitcoin and other cryptocurrencies has been increasing, further fueling the positive sentiment.
Looking Ahead
While the immediate reaction to Powell’s speech has been bullish for Bitcoin, investors should remain cautious. Cryptocurrencies are known for their volatility, and external factors, including regulatory developments and macroeconomic changes, can influence price movements.
In the coming weeks, market participants will closely monitor further statements from the Federal Reserve, economic data releases, and other geopolitical events that could impact Bitcoin’s trajectory.
Conclusion
Jerome Powell’s recent speech has injected renewed vigor into Bitcoin’s market performance. As the Federal Reserve navigates economic challenges, Bitcoin’s role as a hedge against inflation and economic uncertainty appears to be gaining traction. While the short-term outlook is positive, investors should stay informed and prepared for potential fluctuations in this dynamic and evolving market.
#bitcoin☀️ #Bitcoin❗ #BTC☀ #surge #JeromePowell $BTC
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Bitcoin Price Rises as Fed Chair Jerome Powell Signals Rate Cut Is Imminent 50X Profit Confirmed With BRED Token, Convert your 100 usd to 5000 USD, Pre Sale Price Is $0.01 And Exchange Listing Price Is $0.50, This Is 50X Profit Opportunity, Don't Miss This Pre Sale, Join Now Pre Sale At Official Website, WWW.BREDTOKEN.XYZ Fed Chair Jerome Powell said Friday that the "time has come for policy to adjust," suggesting an interest rate cut is finally on the horizon. The price of Bitcoin rose Friday as Federal Reserve Chairman Jerome Powell teed up rate cuts in the coming months, signaling the U.S. central bank is pleased with cooling inflation while being more attentive to growing weakness in the labor market. “The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks,” he said while delivering a keynote address at this year’s Jackson Hole Economic Policy Symposium in Wyoming. Bitcoin’s price had risen 1.8% to $61,500 over the past day, as of this writing, but briefly popped above $62,000 following Powell's comments. Meanwhile, the price of Ethereum and Solana had increased 2.7% and 2.1%, respectively, to $2,675 and $145. At this point, markets are confident that the Fed will ease up in its inflation fight after holding its benchmark interest rate steady since July 2023. As of this writing, traders penciled in a 32% chance that the Fed cuts rates by 0.50% in September, while assigning a 67% chance to a 0.25% rate cut, according to CME Fedwatch. #FED #FedChair #JeromePowell #CryptoNews #Bitcoin $BTC $SOL $XRP
Bitcoin Price Rises as Fed Chair Jerome Powell Signals Rate Cut Is Imminent
50X Profit Confirmed With BRED Token, Convert your 100 usd to 5000 USD, Pre Sale Price Is $0.01 And Exchange Listing Price Is $0.50, This Is 50X Profit Opportunity, Don't Miss This Pre Sale, Join Now Pre Sale At Official Website, WWW.BREDTOKEN.XYZ

Fed Chair Jerome Powell said Friday that the "time has come for policy to adjust," suggesting an interest rate cut is finally on the horizon.

The price of Bitcoin rose Friday as Federal Reserve Chairman Jerome Powell teed up rate cuts in the coming months, signaling the U.S. central bank is pleased with cooling inflation while being more attentive to growing weakness in the labor market.

“The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks,” he said while delivering a keynote address at this year’s Jackson Hole Economic Policy Symposium in Wyoming.

Bitcoin’s price had risen 1.8% to $61,500 over the past day, as of this writing, but briefly popped above $62,000 following Powell's comments. Meanwhile, the price of Ethereum and Solana had increased 2.7% and 2.1%, respectively, to $2,675 and $145.

At this point, markets are confident that the Fed will ease up in its inflation fight after holding its benchmark interest rate steady since July 2023. As of this writing, traders penciled in a 32% chance that the Fed cuts rates by 0.50% in September, while assigning a 67% chance to a 0.25% rate cut, according to CME Fedwatch.

#FED #FedChair #JeromePowell #CryptoNews #Bitcoin $BTC $SOL $XRP
Federal Reserve Interest Rates. The U.S. Federal Reserve's monetary policy, especially regarding interest rates, is crucial for the crypto market. Investors are closely watching for potential rate cuts, which could make cryptocurrencies more attractive. the Fed's interest rate decisions are pivotal, not just for traditional financial markets but also for the future of cryptocurrency investments, making them a key factor to watch closely. #FederalReserve #CryptoNewss #BTC #JeromePowell $BTC $ETH {spot}(BTCUSDT) {spot}(ETHUSDT)
Federal Reserve Interest Rates.

The U.S. Federal Reserve's monetary policy, especially regarding interest rates, is crucial for the crypto market. Investors are closely watching for potential rate cuts, which could make cryptocurrencies more attractive.

the Fed's interest rate decisions are pivotal, not just for traditional financial markets but also for the future of cryptocurrency investments, making them a key factor to watch closely.
#FederalReserve #CryptoNewss #BTC #JeromePowell $BTC $ETH
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What will #JeromePowell talk today? Bearish "good afternoon?" I'm shorting right now on #bitcoin #ethereum but long on $STX and $MAGIC Let's see what will happen with all my hardwork this week 😜
What will #JeromePowell talk today?

Bearish "good afternoon?" I'm shorting right now on #bitcoin #ethereum but long on $STX and $MAGIC

Let's see what will happen with all my hardwork this week 😜
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Powell highlights FOMC's role in restoring price stability through stronga actionsJackson Hole Meeting 2024 Highlights The FOMC did not flinch from carrying out our responsibilities, and our actions forcefully demonstrated our commitment to restoring price stability. An important takeaway from recent experience is that anchored inflation expectations, reinforced by vigorous central bank actions, can facilitate disinflation without the need for slack," said Powell. While US Fed Chair Jerome Powell said the jump of nearly a percentage point in the unemployment rate over the past year was due largely to rising labor supply and slowed hiring, not increased layoffs, he also was emphatic that the Fed wanted to prevent any further erosion - his prior talk of labor market "pain" as necessary to control inflation now a thing of the past. The current unemployment rate of 4.3% is roughly at the level Fed officials feel is consistent with stable inflation over the longer run. "Time has come for policy to adjust, direction travel clear. We do not seek or welcome further cooling in labor market conditions. We will do everything we can to support a strong labor market as we make further progress toward price stability. With an appropriate dialing back of policy restraint, there is good reason to think that the economy will get back to 2% inflation while maintaining a strong labor market.Task of restoring price stability “not complete”, but made good progress,” said US Fed Chair Powell. Federal Reserve Chair Jerome Powell said "the time has come" for the U.S. central bank to cut interest rates as rising risks to the job market left no room for further weakness and inflation was in reach of the Fed's 2% target, offering an explicit endorsement of an imminent policy easing. "The upside risks to inflation have diminished. And the downside risks to employment have increased," Powell said in a highly anticipated speech to the Kansas City Fed's annual economic conference in Jackson Hole, Wyoming. "The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks." #PowellAtJacksonHole #JeromePowell #PowellSpeech #CryptoMarketMoves #BecomeCreator

Powell highlights FOMC's role in restoring price stability through stronga actions

Jackson Hole Meeting 2024 Highlights
The FOMC did not flinch from carrying out our responsibilities, and our actions forcefully demonstrated our commitment to restoring price stability. An important takeaway from recent experience is that anchored inflation expectations, reinforced by vigorous central bank actions, can facilitate disinflation without the need for slack," said Powell.
While US Fed Chair Jerome Powell said the jump of nearly a percentage point in the unemployment rate over the past year was due largely to rising labor supply and slowed hiring, not increased layoffs, he also was emphatic that the Fed wanted to prevent any further erosion - his prior talk of labor market "pain" as necessary to control inflation now a thing of the past.
The current unemployment rate of 4.3% is roughly at the level Fed officials feel is consistent with stable inflation over the longer run.
"Time has come for policy to adjust, direction travel clear. We do not seek or welcome further cooling in labor market conditions. We will do everything we can to support a strong labor market as we make further progress toward price stability. With an appropriate dialing back of policy restraint, there is good reason to think that the economy will get back to 2% inflation while maintaining a strong labor market.Task of restoring price stability “not complete”, but made good progress,” said US Fed Chair Powell.
Federal Reserve Chair Jerome Powell said "the time has come" for the U.S. central bank to cut interest rates as rising risks to the job market left no room for further weakness and inflation was in reach of the Fed's 2% target, offering an explicit endorsement of an imminent policy easing.
"The upside risks to inflation have diminished. And the downside risks to employment have increased," Powell said in a highly anticipated speech to the Kansas City Fed's annual economic conference in Jackson Hole, Wyoming. "The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks."
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