Jerome Powell Today’s Jackson Hole Speech: Rate Cuts or Inflation Nightmare? Crypto Hangs in the Balance
Jerome Powell is going to be stepping up at Jackson Hole today, delivering a speech that the market been waiting for weeks. He will lay out the Fed’s view on the economy, a shifts in policy and cooling inflation for a softening job market. As his term comes to an end, this talk will carry.. The post Jerome Powell Today’s Jackson Hole Speech: Rate Cuts or Inflation Nightmare? Crypto Hangs in the Balance appeared first on 99Bitcoins.
Jerome Powell is going to be stepping up at Jackson Hole today, delivering a speech that the market been waiting for weeks. He will lay out the Fed’s view on the economy, a shifts in policy and cooling inflation for a softening job market.
As his term comes to an end, this talk will carry weight, especially under political heat. Crypto players are especially locked in, as Powell’s words often ripple through the market like a domino effect.
As we know, for months before today’s speech, the Federal Reserve chair has ignored demands from Donald Trump to cut interest rates and defied the US president’s calls to resign. So expectation on his speech will revolve a lot around inflation trends.
For now, data is showing the inflation at about 1% above the 2% target, resulted by tariffs complication. However, Powell may address balancing price stability with employment goals.
TODAY IS A BIG DAY FOR CRYPTO
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