When asked about stock market valuations, Federal Reserve Chairperson Jerome Powell said it is not the Fed's job to focus on any single asset.
U.S. short-term interest rate futures rose after Federal Reserve Chairperson Jerome Powell said it was "uncertain" whether it was too early to consider a rate cut in July.
Federal Reserve Chairperson Jerome Powell said: There is no need to rush into action. It does not point to a specific month.
Federal Reserve Chairperson Jerome Powell said he was in a good position to "wait and see" and was in no hurry to adjust the stance of monetary policy until he received clearer signals. View details...
U.S. short-term interest rate futures continue to bet that the Federal Reserve will cut rates in June and predict a total of three rate cuts in 2025, after Powell said the central bank did not need to rush into action.
Powell said the Federal Reserve did not need to rush into action, but was well-positioned to wait for clearer signals. Click to view...
Federal Reserve Chairperson Powell said that bitcoin is digital gold, and bitcoin is not currently replacing the U.S. dollar, but a strong competitor to gold. In response, Binance co-founder CZ said that Powell's views on bitcoin are improving gradually.
Federal Reserve Chairperson Jerome Powell said that even if the Department of Government Efficiency cuts spending by $1 trillion, it's hard to tell how that will affect the economy.
Federal Reserve Chairperson Jerome Powell said the central bank has not done any work aimed at promoting the development of retail central bank digital currencies (CBDCs).
Federal Reserve Chairperson Jerome Powell said January's inflation data suggest the central bank is close to but not yet on target for inflation.