#PowellRemarks The President of the Federal Reserve, Jerome Powell, reiterated today that interest rates will remain high until there is greater confidence that inflation returns to 2% sustainably. 😤📊

🔍 Key phrase:

"We are not ready to declare victory over inflation"

📉 Markets react cautiously

💵 The dollar strengthens

🟠 Bitcoin and risk assets feel the pressure

Powell also made it clear that prematurely lowering rates could revive inflationary pressures... but he does not rule out cuts later this year if the data supports it.