#PowellRemarks Powell Sounds Alarm on Tariffs!

On April 16, 2025, Federal Reserve Chair Jerome Powell spoke at the Economic Club of Chicago, warning that President Trump’s tariffs could spark higher inflation and slow economic growth. This creates a tough balancing act for the Fed, which aims for stable prices and full employment. With interest rates at 4.3%, Powell said no changes are imminent until tariff effects are clearer. Markets reacted sharply, with the S&P 500 dropping 2.2%. Despite a solid economy and low unemployment, crypto traders worry that sustained high rates could hit Bitcoin prices.