$BTC On May 16, 2023, another meeting of the Federal Reserve System (FRS) took place, during which its chairman Jerome Powell announced that the key interest rate in the USA remains unchanged - in the range of 4.25%-4.5%. Powell remained committed to the chosen course despite the obvious dissatisfaction expressed by the American president. The main reason for his decision was uncertainty. From the perspective of the head of the FRS, there are currently significant risks of both high inflation and unemployment, so the best course of action is to simply watch and wait. Initially, investors reacted negatively to Powell's speech - Bitcoin fell below $96,000. However, the next day there was a surge above $104,000.