#PowellRemarks
Powell’s Remarks: Crypto Reaction
Fed Chair Jerome Powell stated that interest rates will stay elevated until inflation shows consistent decline. He ruled out immediate rate cuts, citing insufficient progress on inflation control.
Crypto markets reacted with caution. Bitcoin and altcoins saw slight pullbacks due to the hawkish tone.
The message: no near-term relief in liquidity. However, Powell acknowledged inflation is easing, leaving room for future cuts — a potential bullish setup ahead.
In short, crypto remains sensitive to macro signals.
