- And there is no reduction in interest rates, even an intention to increase slightly...

Summary of today’s speech by Jerome Powell (in simple English):
•Powell says the US economy is “solid”, even with global uncertainty.
•The job market is “in really good shape.”
•He expects more ups and downs in the markets.
•Government debt? He says it’s “not unbearable.”
•Looser banking rules for crypto might be possible.
•Regulating stablecoins would be “a good idea.”
•Crypto is becoming more and more mainstream.

Powell is setting the direction – and crypto is clearly part of the game now.