💿 Powell: Unable to lower interest rates – but gives the green light for crypto!
📌 In last night's hearing, Fed Chairman Jerome Powell stated:
– Interest rates will remain unchanged, due to the risk of inflation rising again – particularly from new tariffs.
– The U.S. economy remains stable, with no signs of recession. However, the Fed is ready to adjust policy if the labor market weakens.
🔓 Crypto has been given the 'green light'!
Powell confirmed:
➡️ Banks in the U.S. are allowed to participate in the crypto market, as long as they ensure the safety of the financial system.
⚖️ Although interest rates have not been pivoted, the Fed is gradually softening its stance towards digital assets – a significant step for crypto to penetrate mainstream finance.