Crypto Traders Await Powell’s Speech for Rate Cut Hints
Federal Reserve Chair Jerome Powell is scheduled to speak on July 1 at 9:30 AM ET, an event that has garnered significant attention from crypto traders and XRP analysts. The anticipation stems from the potential for Powell to hint at a shift toward rate cuts, which could have a substantial impact on the broader financial system and risk-on assets, including cryptocurrencies.
Powell’s recent stance has been under scrutiny, particularly given the pressure from President Donald Trump to ease rates. Despite this pressure, Powell has maintained a relatively tight monetary policy. Recent reports suggesting Powell’s resignation excited the crypto community, as they hoped for a more crypto-friendly appointment. However, Powell remains in his…
