Fed Rate Cuts Remain Uncertain After Powell’s Speech

Summary of Jerome Powell’s Speech

Today, Federal Reserve Chair Jerome Powell addressed the state of the U.S. economy and the Fed’s ongoing monetary policy approach. His speech focused on three key areas: inflation control, interest rates, and labor market resilience. 1. Inflation Remains the Top Priority:Powell reiterated that bringing inflation down to the Fed’s long-term target of 2% remains the central goal. He acknowledged recent progress but emphasized that inflation is sti…

Fed Rate Cuts Remain Uncertain After Powell’s Speech

Bitcoin rose above $104K after Powell stayed silent on the economic outlook. Traders are divided on rate cut chances despite a strong probability of no change in June. Fed may delay cuts unless Trump’s proposed tariffs are rolled back, says Goolsbee. Bitcoin increased slightly on Saturday after the U.S. Federal Reserve Chair Jerome Powell made a speech but remained silent about the economic direction of the country. BTC recovered from a low of $…