Markets, Breaking News, Bitcoin, Federal Reserve, Jerome Powell, Interest Rates The Fed chair spoke Friday with markets in full blown panic following the Trump tariff announcement. 

Investors hoping for a big dovish pivot from the Fed following the president’s Wednesday tariff announcement and subsequent two-day plunge in stock prices should wait at least a bit longer.

“We are well positioned to wait for greater clarity before considering any adjustments to our policy stance,” talked about Fed Chair Jerome Powell in prepared remarks on the Society for Advancing Business Editing and Writing Annual Conference. “It is too soon to say what will be the appropriate path for monetary policy.”

Noting that the tariffs are “significantly larger” than anticipated, Powell talked about it’s the Fed’s job to make sure what’s certain to be a short rise in inflation would not become persistent.

Bouncing a bit ahead of the Powell speech perhaps throughout the hope he would take a additional dovish stance, bitcoin (BTC) has retreated once more underneath $83,000, roughly flat from 24 hours previously. The crypto is doing significantly better than shares, with the Nasdaq now lower by 4.2% following yesterday’s 6% tumble.

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