📉 Trillion dollars evaporate after Powell's signal to change the inflation target

Federal Reserve Chairman Jerome Powell's remarks about the possibility of abandoning the 2% inflation target shook the markets, causing a loss of nearly a trillion dollars in a single day.

The divide exists between those who see it as flexibility in policy and those who consider it a sign of economic despair with the return of stagflation.

In crypto, the market value dropped to 3.9 trillion dollars and Bitcoin fell below 112 thousand dollars while some investors see it as a safe haven against monetary policy disruptions.