The president of the Federal Reserve, Jerome Powell, will give a speech on Tuesday, as cryptocurrency market investors look for signs about the future of U.S. monetary policy. The speech comes amid increased interest in the market following recent economic data. Given that U.S. CPI data shows persistent inflation in June, hopes for rate cuts are lower.
On the other hand, Jerome Powell faces growing pressure to resign from the Trump administration. While President Trump has insisted on a 300 basis point rate cut, Powell has refused to yield. Market analysts will be on the lookout for any resignation statement from the Fed chair, as his term officially ends in May 2026.