đ Context:
Jerome Powell plays a central role in monetary policy decisions in the United States, including:
interest rates đđ
the fight against inflation đž
the overall economic health of the country đïž
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đ Why is this important for cryptos?
Every remark from Powell can:
cause traditional markets (stocks, bonds) to rise or fall
directly impact the prices of cryptocurrencies (especially BTC and ETH)
influence investors' risk-taking đŒ
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đ§ Example:
If Powell says that inflation remains too high đ rates could rise further đ the market becomes cautious đ drop in the price of risky assets like cryptos.
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đ In summary:
#PowellRemarks = Immediate macro impact on the market.
His words are scrutinized like gold đŹđ