Jerome Powell, Chair of the Federal Reserve, delivered a speech at a large bank capital framework conference, avoiding mention of potential interest rate cuts.
Federal Reserve Not in a Hurry to Cut Rates
Markets were anticipating comments from Powell regarding a possible rate cut, but his silence led to similar market volatility. He focused on technical issues without discussing monetary policy.
Rumors About Powell's Possible Resignation
President Trump has criticized Powell in recent months, raising rumors about his resignation. However, Powell did not address this in his speech, and analysts believe the rumors are unlikely to be confirmed soon.
Reaction from the Crypto Market
The crypto market did not experience significant volatility after Powell's speech. Bitcoin rose by 1.16%, while other altcoins like Ethereum saw minor declines.
Powell's speech sparked interest and speculation in the markets, indicating that investors remain attentive to the interest rate situation and potential resignation.
