#PowellRemarks #PowellRemarks Jerome Powell's Statements Impacted the Markets

Chairman of the U.S. Federal Reserve Jerome Powell has once again found himself at the center of attention in global financial markets following his recent statements on monetary policy. During his speech, Powell emphasized that the Fed would act cautiously regarding interest rate cuts, as inflation remains above the target level of 2%.

According to him, current economic data do not provide sufficient confidence that inflationary pressures are sustainably decreasing. This has cooled investor expectations regarding the imminent start of a rate-cutting cycle, causing volatility in the stock and cryptocurrency markets.

Powell also noted that the Federal Reserve will continue to focus on incoming macroeconomic data, maintaining flexibility in decision-making.