#PowellRemarks Here’s an updated recap of Fed Chair Powell’s remarks on Binance/crypto following the June 18–19 FOMC meeting
📌 Key Takeaways from Powell’s Comments
1. Tariff-Driven Inflation Is Looming
Powell emphasized that Trump-era tariffs are beginning to filter through the supply chain. He warned businesses and consumers should expect higher prices in the coming months, as the added costs from tariffs pass upstream .
2 Economy Remains Solid, But Inflation Is Persistent
He described the U.S. economy as robust, with strong labor markets, solid wage growth, and resilient GDP. However, he stressed that inflation still exceeds the 2% target, and the Fed remains committed to controlling it .
3. No Rate Cut This June — Data-Driven Waiting
Te Fed held rates steady at 4.25–4.50%, shifting the earliest anticipated rate cut from July to potentially September or later. Powell underscored the central bank's strategy of waiting for more data, rather than pre-committing to future policy moves .
4. Tone Was Hawkish — Markets Reacted Cautiously
While Powell's stance wasn’t as hawkish as a rate hike, his hesitancy to commit to cuts and firm inflation focus kept markets on edge. Analysts note that for crypto and equities, his tone was more influential than policy itself .
5. Fed Highlights Value of Economic Data
Powell also warned against cuts to data collection; he believes high-quality information is essential for informed decision-making — especially in uncertain times .
🔍 What It Means for Crypto (via Binance commentary)
Risk-on assets like Bitcoin and Ethereum will likely remain subdued until there's a shift toward actual rate cuts .
Key risk factors: tariffs, inflation, global tensions — especially relevant for crypto volatility .
Crypto traders are watching Powell’s tone closely — any hint of dovishness or data suggesting cooling inflation could trigger a rally .