BREAKING NEWS: FED President Jerome Powell Speaks! Good or Bad for Bitcoin?
FED chairman Jerome Powell speaks about the US economy.
Recently, the economic conference held in Washington, moderated by Bank of Canada Governor Tiff Macklem, started. US Federal Reserve (FED) chairman Jerome Powell also gives a speech specifically for this conference.
Important statements by FED chairman Jerome Powell may affect the price movements of cryptocurrencies. Here are the first statements made by FED Chairman Powell:
The US economy was actually quite strong last year.
The labor market is moving towards better balance despite continued strengthening.
Latest data show no further progress in inflation.
Twelve-month Core PCE inflation was little changed in March, according to forecasts.
If high inflation continues, the Fed can maintain current interest rates for as long as needed.
The current situation is not the standard case of inflation driven by overheated demand.
2023 was the year of supply-side recovery.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.