When Jerome Powell speaks, markets tremble. But who is this man that can move global stock markets with a simple statement?
👔 The role
Powell is the Chairman of the Federal Reserve (the 'Fed'), the central bank of the United States. He is responsible for monetary policy decisions that affect the entire global financial system, including cryptocurrencies. His interventions touch on interest rates, inflation, unemployment, and even the value of the dollar.
📉 Why is he so influential?
When Powell announces an interest rate hike, investors flock to safer assets. Conversely, when he hints at a more 'dovish' approach, risky markets — such as the crypto sector — celebrate. This has happened multiple times: a single speech can cause Bitcoin, Ethereum, and all altcoins to plummet or soar.
📊 Powell vs Crypto
While not an ardent fan of cryptocurrencies, Powell has recognized their potential. However, he has always emphasized the need for regulation. His most famous words? 'Cryptos cannot remain a wild frontier.'
This is why every public appearance he makes is followed live by traders, analysts, and blockchain enthusiasts.
🕹️ Trading and Powell: direct connection
Many trading bots activate upon the release of his statements. The economic indicators he mentions become signals for trading strategies. Even those trading on Binance need to keep an eye on him: Powell is a true market mover.
💬 In conclusion
Jerome Powell is much more than a central banker: he is a metronome of the modern economy. Ignoring him means navigating the markets blindfolded.
👇 And you? Do you follow Powell before trading? Write it in the comments!
