Does the president of the American federal reserve Jerome Powell just threaten to increase rates?
During his press conference after the meeting following the Fed’s decision on Wednesday of the Fed to maintain stable interest rates, Powell continued to emphasize that the president’s pricing policy risks triggering inflation.
“The increase in prices increases prices,” said Powell. “Short -term measures of inflation expectations have increased.”
“You might say,” continued Powell, “the Fed examines inflation by not hiking [rates]. “”
The markets did not kindly take the remarks, the price of Bitcoin (BTC) falling quickly from almost 2% to $ 115,800 and the main American stock indices going from approximately 0.5% to 0.5% of losses.
The altcoin carnage was worse, with ether (ETH), Solana (soil) and XRP (XRP) each sliding almost 4%.
The Fed held its range of federal funds stable 4.25% to 4.5% earlier, in accordance with market expectations. There were, however, two dissidents of the rate vote, with the Waller and Bowman governors favoring a drop in the rate of 25 base points.
Under pressure from President Trump and now two Fed members to relieve politics, Powell has given no indication that he is deviating from his position – at a minimum – at regular rates.
