#PowellRemarks Powell voice always amazed crypto lovers. . Jerome Powell, the Federal Reserve Chair, recently made remarks that have impacted the market. Here are some key points:

- *Interest Rates*: Powell stated that the Fed is "not in a hurry to cut" interest rates, emphasizing that policy remains "meaningfully restrictive". He also noted that recent inflation data has shown "more positive progress".

- *Cryptocurrency*: Powell expressed an open stance on crypto assets, indicating that banks can serve crypto customers as long as they understand and manage the risks. He praised Congress for efforts to establish a clearer regulatory framework for cryptocurrencies.

- *Economic Outlook*: Powell mentioned that the Fed will make decisions about interest rates based on data, and the central bank will be patient before easing monetary policy further. He also stated that they're close but not there on inflation.

- *Market Impact*: Powell's remarks pushed Treasury prices lower, sending yields on the 2-year note to 4.21%. Bitcoin surged above $104,000 after his comments, while the US dollar index remained steady.

It's worth noting that Powell's remarks have been made in different contexts, including a press conference and testimony before the House Financial Services Committee ¹ ².