The president of the United States Federal Reserve, Jerome Powell, threatened to increase rates?
In his press conference after the meeting after the Fed Wednesday’s decision to maintain stable interest rates, Powell continued to insist that President’s tariff policy is running the risk of turning on inflation.
“The increase in tariffs is raising prices,” Powell said. “The short -term measures of inflation expectations have increased.”
“You could say,” Powell continued, “the Fed is looking through inflation by not walking [rates]”
The markets did not kindly take the observations, with the price of Bitcoin (BTC) quickly falling almost 2% to $ 115,800 and the main rates of US shares. UU. Moving from approximately 0.5% advances to losses of 0.5%.
The butcher shop in Altcoins was worse, with ether (eth), solana (sun) and XRP (XRP) each sliding almost 4%.
The Fed previously maintained its FED funds constantly 4.25%-4.5%, in line with market expectations. However, there were two dissidents of the rate vote, with the governors Waller and Bowman favoring a rate of 25 basic points.
Under the pressure of President Trump and now two Fed members to relieve politics, Powell did not give indications that he is hesitating his position on at least stable rates.
