#PowellRemarks

FOMC Update: Powell Signals "Hawkish Pause," Impacting Crypto

Federal Reserve Chair Jerome Powell confirmed that interest rates will remain at 4.25–4.50%, with the Fed viewing inflation—especially tariff‑driven price increases—as still elevated .

Powell emphasized that “goods price inflation will pick up over the course of the summer,” warning that American consumers will bear the brunt of recent tariffs .

He also stated that while the Fed has “all the data we need” for decision-making now, cutting government economic data could hinder their work .

Crypto traders reacted with caution: Bitcoin briefly dropped under $104K, with altcoins showing mixed movement during the press conference .

Powell’s tone was classified as a “hawkish pause”, keeping the door open for future rate cuts but signaling no imminent dovish pivot .

Market sentiment remained cautious: BTC stabilized around $104K–105K, with professionals noting that any dovish hints in Powell’s remarks would directly influence crypto rallies .

---

Bottom line: Powell’s restrained, data-driven stance on inflation and rate policy sent crypto into a reserved tone—traders are now watching for even subtle dovish signals to catalyze the next leg up in Bitcoin or altcoins.