Crypto Prices Cool as Fed Chair Jerome Powell Strikes Ambiguous Tone on Future Monetary Policy Choices
After nearly two weeks of explosive gains, crypto prices briefly cooled on Thursday and into Friday, possibly due to a speech delivered by U.S. Federal Reserve Chair Jerome Powell.
Powell spoke in Dallas on Thursday and struck a somewhat ambiguous tone about future US monetary policy choices.
He continued to emphasize that the Fed views current risks to inflation and employment goals as “being roughly in balance.”
“We know that reducing policy restraint too quickly could hinder progress on inflation. At the same time, reducing policy restraint too slowly could unduly weaken economic activity and employment.
We are moving policy over time to a more neutral setting. But the path for getting there is not preset. In…
