Crypto markets hold steady after Powell reiterates data-dependent stance
The total cryptocurrency market showed limited reaction following remarks from Federal Reserve Chair Jerome Powell, as investors digested continued signals that U.S. monetary policy will remain data-dependent amid elevated inflation.
Speaking after the Federal Open Market Committee voted to hold interest rates at 3.50%–3.75%, Powell said the central bank views its current policy stance as appropriate, following 75 basis-point rate cuts over its previous three meetings.
Powell signals policy near neutral, no preset path forward
Powell said the U.S. economy entered 2026 on “firm footing,” with consumer spending and business investment remaining resilient.
While job growth has slowed, the unemployment rate has stabilized,…
