Investors hoping for an important gay pivot of the Fed after the president’s announcement of the President’s Wednesday and the two -day subsequent dive in stock prices will have to wait at least a little more time.
“We are well placed to wait for greater clarity before considering any adjustment to our political position,” said Fed president Jerome Powell, in remarks prepared for Society for Advancing Business Editing and Writing Annual Conference. “It is too early to say what the appropriate path will be for monetary policy.”
Note that the prices are “much more important” than expected, Powell said that it was Fed’s work to make sure that what is sure to be a temporary increase in inflation does not become persistent.
By bouncing a little in front of Powell’s speech perhaps in the hope that he would take a more moving position, Bitcoin (BTC) fell below $ 83,000, almost flat 24 hours ago. The crypto is much better than the shares, the NASDAQ is now 4.2% lower after the fall of yesterday 6%.
President Trump makes his feelings known
Before Powell’s speech, the president threw the glove for the Fed chair.
“This would be the ideal moment for the president of the Fed, Jerome Powell, to reduce interest rates,” said Trump in a social publication of truth. “He is still” late “, but he could now change his image, and quickly … Reduce interest rates, Jerome and stop doing politics.”
