#PowellRemarks
đď¸ Fed Chair Powell Signals Caution amid Rising TariffâDriven Inflation đşđ¸
At the June 18, 2025 FOMC press conference, Federal Reserve Chair JeromeâŻPowell announced that the Fed will keep interest rates steady in the 4.25â4.50% range, marking the fourth consecutive hold. This cautious stance comes amid growing concerns that new import tariffs will fuel âmeaningfulâ inflation, warning that âsomeone has to pay for the tariffs.â He emphasized the need to âlearn moreâ from upcoming economic data before moving forward .
Powell and other Fed officials also flagged elevated inflation forecastsânow around 3% by yearâs endâand projected two rate cuts potentially beginning in September, though internal dissent remains . This signals a dataâdriven and politically independent approach, distancing decisions from external pressures, even amid President Trumpâs demand for rate reductions and criticism of the Fed .
For the crypto community, Powellâs remarks triggered mixed reactions: Bitcoin hovered around $104Kâ$105Kâremaining about 5% below its recent record highâas investors absorbed the Fedâs caution and tariff concerns . In summary, Powellâs message is: no rush to cut, inflation risk looms, and the path ahead hinges on data.
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Why this matters on Binance:
đĄď¸ Stable rate outlook reassures cautious investors.
đ Tariff-induced inflation risk may temper short-term risk-taking.
đ Crypto markets remain sensitive to Powell's toneâwatch for volatility.
Stay tuned as the Fed continues to weigh inflation data and tariff impacts in its coming moves.