Did US Federal Reserve Chairman Jerome Powell threaten to raise the fees?
Powell continued to argue that following the Fed’s decision on Wednesday to stabilize interest rates, the president’s tariff policy continued to insist that there was a risk of inflation igniting it.
“The increase in tariffs is driving prices up,” Powell said. “The short-term measure of inflation expectations has risen.”
“You can say,” continued Powell, “The Fed is looking at inflation by not hiking (prices).”
At the price of Bitcoin, the market did not kindly address the statement
Soon it fell to nearly 2% to $115,800, moving its major US stock index from around 0.5% to a loss of 0.5%.
The altcoin massacre has deteriorated, ether (ETH), solana
and XRP
Each one slips by nearly 4%.
The Fed previously stabilized the Fed fund’s range at 4.25%-4.5%, keeping it in line with market expectations. However, there were two opponents from the rate vote, with governors Waller and Bowman supporting a 25 basis point rate cut.
Putting pressure from President Trump and the two Fed members to ease the policy, Powell has not suggested that he would sway from his claims – at least retained a steady interest rate.