#PowellRemarks
Federal Reserve Word
Jerome Powell, Chairman of the U.S. Federal Reserve, indicated a potential change in monetary policy, which could affect financial markets, including the cryptocurrency market. Here are some key points ¹:
- *Change in Monetary Policy*: Powell indicated that the time has come to change monetary policy, which may mean lowering the interest rate in September.
- *Impact on Cryptocurrencies*: This potential shift in monetary policy could have a positive impact on the cryptocurrency market, as lowering interest rates could increase liquidity in the market and boost demand for high-risk assets.
- *Rise in Cryptocurrency Prices*: Following Powell's statements, Bitcoin rose to nearly $104,000, boosting optimism about further increases.
- *Study of Issuing a Digital Currency*: The United States is working on studying the issuance of a digital currency, and Powell said: "We are actively working to assess the feasibility of issuing a central bank digital currency."
- *Powell's Stance on Cryptocurrencies*: Powell is changing his stance on cryptocurrencies, as he indicated unprecedented openness to cryptocurrencies, stating: "We are not against innovation" ² ³.
