#PowellRemarks #PowellRemarks Crypto investors on alert: Is the Fed 'falling behind'?
According to Juan Leon – a senior investment analyst at Bitwise, Powell's repeated statements that 'it's too early to conclude' are making investors anxious that there will come a time when he has to say 'it's too late to act'.
'The market thinks that the Fed is lagging, and that could make their actions no longer aligned with economic reality,' Leon commented.
In the March meeting, the Fed is expected to cut interest rates twice this year. However, after Powell's statement, traders in the futures market adjusted their expectations to four rate cuts in 2025, indicating that confidence in the recovery outlook is wavering.