Jerome Powell Holds Rates Steady—Is Crypto About To Breakout?
On June 24, 2025, Jerome Powell, Chair of the Federal Reserve, delivered his semiannual testimony to Congress, emphasizing a “wait-and-see” approach to interest rates. He noted the U.S. economy is in a “solid position,” with a strong labor market and inflation showing signs of moderation, but he highlighted concerns about potential inflationary pressures from recent tariff announcements. Powell’s stance indicates no immediate rate cuts, which could temper expectations for a crypto breakout in the near term.
Key Points
- Jerome Powell’s recent testimony suggests the Federal Reserve will likely maintain steady interest rates, creating uncertainty for crypto markets.
- Research indicates that lower rates typically benefit risk…
