Fed President Jerome Powell speaks! Here are the row heads and Bitcoin’s reaction!

FED President Jerome PowellDonald Trump’s tariff description of the market began in the highly anticipated speech began.

Speaking at a conference organized by Virginia, Arlington Business Editing and Writing Development Association, Powell’s speech is of great importance in terms of economic appearance and interest rate cuts, while Powell began to say that Trump tariffs are greater than expectations and have a slower risk of growth.

“We will continue to carefully monitor the data that comes as FED, the developing appearance and risk balance.

We are in a good position to expect more clarity before thinking about any adjustment in our policy stance.

It’s too early to tell you what the right way will be for the monetary policy.

We don’t have to hurry, we still have time.

In monetary policy, we are facing a very uncertain appearance in which both higher unemployment and higher inflation risks increase.

Tariffs are likely to increase inflation in future quarters; More permanent effects are possible.

Possible tariffs may have a permanent inflation effect.

The likelihood of tariffs will lead to a temporary increase in prices.

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

We should ensure that price increases do not lead to ongoing inflation.

The Fed’s probability of stagnation is not predicted, but external estimates increased this possibility.

The American people are waiting for the Fed to say the truth, and the Fed will do exactly that. ”

During Powell’s speech BitcoinPrice Movement followed by:

*It is not an investment advice.