Federal Reserve Chairman Jerome Powell has begun his highly anticipated speech in the market. This was confusing with Donald Trump’s tariff announcement.
Powell’s speech was held at a conference organized by the Association for Business Regulation Advancement and Writing in Arlington, Virginia, and was important for economic outlook and interest rate cuts, but Powell began his speech stating that Trump’s tariffs were greater than expected and put higher inflation and lower growth at stake.
“The Fed will wait more clearly before considering adjusting its policy. The outlook is very uncertain. Therefore, it is ‘too early’ to decide on a suitable policy path.’
Tariffs could increase inflation in the coming quarter. It can have a more lasting effect.
Potential tariffs may have a permanent inflationary effect.
The economic impact of tariffs may be greater than expected.
We must ensure that price increases do not lead to continuous inflation. ”
Bitcoin price action during Powell’s speech:
*This is not investment advice.
