#PowellRemarks

Urgent: Market collapses multiply after Powell's remarks.. and gold falls sharply.

Trump wrote: "This is the perfect time to cut interest rates," adding that Powell should "stop playing politics."

The Federal Reserve Chair did not directly respond to the President's comments but reaffirmed the independence of the central bank and its mandate regarding inflation.

Powell stated: "The Fed is committed to anchoring inflation expectations."

While Powell acknowledged the economic risks from tariffs, his message was clear: the Fed will not rush to meet market or political demands. Instead, it will act based on incoming data and its dual mandate.

Share your opinion on the impact of tariffs on cryptocurrency prices?