#PowellRemarks Jerome Powell's latest speech, the head of the Federal Reserve, confirmed a cautious approach to monetary policy. He noted that inflation remains elevated, but the rate of its growth is slowing, which gives the Federal Reserve the opportunity to take its time with interest rate cuts. Powell emphasized that future decisions will depend on data, especially on the dynamics of inflation and the labor market.

Although some investors expected softer signals, Powell maintained a tough rhetoric, stating that more time is needed for confidence in a sustainable reduction in inflation. This means that rates are likely to remain high at least until the end of summer.

Markets reacted cautiously: stocks dipped slightly, and government bond yields rose. Overall, the Federal Reserve made it clear that it is willing to wait to avoid premature easing of policy, which could reignite inflation. $BTC