FED Chairman Jerome Powell Speaks! Here Are the Highlights and Bitcoin’s Reaction!

FED Chairman Jerome Powell began his highly anticipated speech in the market, which was confused by Donald Trump’s tariff announcement.

Powell’s speech, which was delivered at a conference organized by the Association for the Advancement of Business Regulation and Writing in Arlington, Virginia, was critical to the economic outlook and interest rate cuts, but Powell began his speech by saying Trump’s tariffs were larger than expected and risked higher inflation and slower growth.

“The Fed will wait for more clarity before considering policy adjustments. The outlook is highly uncertain. Therefore, it is ‘too early’ to determine the appropriate policy path.

Tariffs are likely to increase inflation in coming quarters; more persistent effects are possible.

Potential tariffs may have a permanent inflationary effect.

The economic impact of the tariffs is likely to be greater than expected.

We must ensure that price increases do not lead to continued inflation.”

Bitcoin’s price action during Powell’s speech:

*This is not investment advice.