#PowellRemarks

In his recent statements, Jerome Powell, the Chairman of the Federal Reserve, confirmed that inflation remains above target levels, and that the Fed will maintain a tight monetary policy until it sees "clear and convincing evidence" of falling prices.

The financial markets reacted quickly, as:

The US dollar rose.

Risk appetite for stocks and cryptocurrencies declined.

Expectations for any delay in interest rate cuts increased.

Powell's statements mean that investors should be more cautious and aim to diversify their investment portfolios and assess risks carefully.