#PowellRemarks
Has the era of easy money come to an end?
⚠️ In a world where markets fluctuate with every word from the Federal Reserve, Jerome Powell's statements have placed investors in front of a new reality: no easing anytime soon, and tightening may last longer.
Powell's statements and their impact on financial markets
In his latest statements, Federal Reserve Chairman Jerome Powell confirmed that interest rates will remain high as long as there is a need to combat inflation. He stated clearly: "We will not rush to cut interest rates before seeing strong evidence of inflation declining towards 2%."
This statement increased caution in the markets, especially in the cryptocurrency market, which heavily relies on ample liquidity.