#FederalReserve Chair Jerome Powell recently emphasized that financial markets should not rely on the central bank to intervene during periods of volatility. He highlighted that markets are functioning orderly despite significant uncertainty stemming from President Trump's sweeping trade policy changes, which have negatively affected stock and bond prices and depressed the U.S. dollar.
Powell also addressed the growing prominence of cryptocurrencies, noting that digital assets are becoming increasingly mainstream. He reiterated the need for a regulatory framework for stablecoins, suggesting that as these digital instruments gain relevance, establishing legal guidelines is a prudent step.
In summary, Powell's remarks signal a cautious approach by the Federal Reserve, balancing the challenges posed by current economic policies and the evolving landscape of digital currencies.
