Investors with the hope of a considerable idiot pivot of the FED after the president’s fee announcement and the subsequent two -day drop in the prices of the shares will have to wait for at least a little more.
“We are well positioned to wait for greater clarity before considering any adjustment to our policy position,” said Fed President Jerome Powell, in comments prepared at the annual conference of the edition and writing of business writing. “It is too early to say what will be the appropriate path for monetary policy.”
By pointing out that tariffs are “significantly larger” than expected, Powell said it is Fed’s work to ensure that what will surely be a temporary increase in inflation does not become persistent.
When bouncing a little ahead of Powell’s speech, perhaps with the hope that he will take a more misleading position, Bitcoin (BTC) has retired below $ 83,000, approximately flat 24 hours ago. The cryptography is much better than the actions, with the Nasdaq now lower by 4.2% after the 6% drop of yesterday.
President Trump releases his feelings
Minutes ahead of Powell’s speech, the president threw the glove for the Fed chair.
“This would be the perfect time for Fed President Jerome Powell, to reduce interest rates,” Trump said in a social publication. “It’s always ‘late’, but now I could change your image, and quickly … reduce interest rates, Jerome and stop playing politics.”
