Powell is like a bone in Trump's throat that hinders steering as he wishes. As much as one might want, the Fed significantly influences the moods of the crypto market and beyond.
Jerome Powell on April 16, 2025, at the Economic Club of Chicago again touched on the topic of Trump's tariffs. He noted that the Fed will wait for more data before changing rates, as tariffs could exacerbate inflation and weaken the labor market. The US economy remains stable, but risks are increasing. Powell emphasized the independence of the Fed, mentioning that policy will be determined by the economy, not politics.
