#MetaplanetBTCPurchase SUMMARY OF FED CHAIR POWELL'S STATEMENT (04/17/2025):

About the economy 🇺🇸:

- The Fed is in a good position to wait for more clarity before considering any policy changes.

- The Fed's two objectives of controlling inflation and maintaining low unemployment are currently not in conflict, but the current trend is that both unemployment and inflation could rise.

- Do not expect the Fed to rescue the market as Trump's policies are changing daily.

- If high tax levels continue to drive up consumer prices and weaken economic activity, the Fed will face a dilemma of having to choose between two objectives: controlling inflation and supporting the labor market.

Overall, the Fed believes that the economy is still strong enough to patiently wait for clearer signals. Mr. Powell did not give any indication about the direction of interest rates, did not say that rates would be cut soon, but also did not rule out the possibility of a cut this year.