⚡ Jerome Powell (head of #FOMC):
❗️Over the past couple of years, the stablecoin industry has strengthened and become more popular.
❗️We are reviewing and withdrawing most of the previous recommendations on cryptocurrency.
✔ On the risks of stagflation: We are not currently observing such a situation.
✔ Stagflation is not a baseline scenario, but the FOMC is monitoring the situation.
✔ If stagflation were to begin, it would put the FOMC in a difficult position.
❗️Future trade agreements may allow the FOMC to consider the possibility of a RATE CUT.
✔ In conditions of high uncertainty, I want to take into account real macro data and not be so bold in forecasts.
✔ At some point, we will continue to lower the rate.
J. Powell spoke before the banking committee of the U.S. Senate with a report on the monetary policy.