BTC
$BTC
The speech by Powell has passed, as warned in the previous review.
He did not provide specific commentary on the current market situation. For the most part, he was just blowing hot air and talking about prospects.
The most important points to note from his words are:
1. The Fed plans to update the document describing its goals and approaches.
2. The main goal is to make the strategy more resilient to shocks and clearer for the markets.
3. Inflation has decreased from a peak of 7.2% in 2022 to 2.2% in April 2025 - without a spike in unemployment. A rather rare outcome.
4. The era of 'zero rates' is behind us: real rates and long-term expectations for rates have noticeably increased.
5. The Fed acknowledges: inflation may become more volatile, and the economy may be more susceptible to shocks.
Opinion👇🏻
The entire speech was aimed at conveying that the situation is more or less positive now, due to the overall decrease in inflation, but the changes that the market undergoes on a daily basis, along with future uncertainty and volatility, require the creation and/or revision of appropriate regulatory methods and action strategies in such situations.