#PowellRemarks #PowellRemarks

Jerome Powell, Chairman of the U.S. Federal Reserve, delivered an important speech yesterday, providing clarifications on monetary policy and inflation. Here are more details about the speech and its impacts:

*Key Statements by Powell:*

- *Inflation*: Powell confirmed that the Fed is working to reduce inflation to its target of 2%. He noted that inflation is still slowly declining as a result of recovering from the major economic shocks that occurred in 2021 and 2022.

- *Interest Rate*: The benchmark interest rate was lowered by 25 basis points to a range of 4.25%-4.5%. This decision reflects a monetary policy aimed at achieving economic stability while continuing to face inflation challenges.$BTC