At the Jackson Hole Symposium 2025, U.S. Federal Reserve Chairman Jerome Powell delivered a speech that had a significant impact on the markets, especially cryptocurrencies. Here are the highlights of what he said:
🎙️ Excerpts from Powell's Speech:
"We are approaching a turning point in monetary policy... inflation is declining, and the labor market is showing signs of slowing down. We will be ready to adjust interest rates soon."
"Our goal is to maintain stability, but we will not hesitate to act if the data shows that the economy needs support."
📌 Key Messages from the Speech:
- A rate cut is very close, and may begin at the next meeting.
- Inflation is under control, opening the door for monetary easing.
- Financial markets responded strongly, with a rise in stocks and cryptocurrencies.
💥 Immediate Impact:
- Bitcoin surpassed $117,000.
- U.S. stock indices rose.
- Gold and the dollar recorded mixed movements, reflecting changing expectations.
