{"id":33737,"date":"2024-12-19T11:30:20","date_gmt":"2024-12-19T08:30:20","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=33737"},"modified":"2024-12-19T10:09:42","modified_gmt":"2024-12-19T07:09:42","slug":"fed-chair-jerome-powell-announces-policy-shift","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/fed-chair-jerome-powell-announces-policy-shift\/","title":{"rendered":"FED Chair Jerome Powell Announces Policy Shift"},"content":{"rendered":"<p><strong>FED Chair Jerome Powell<\/strong> stated after the interest rate decision that the <strong>25 basis point rate cut<\/strong> marks a step toward <strong>easing the tight monetary policy<\/strong>. He emphasized that <strong>inflation is nearing the 2% target<\/strong>, but achieving this goal may still take <strong>one or two more years<\/strong>.<\/p>\n<p>Powell expressed a positive outlook for the economy, stating, <strong>&#8220;I expect 2025 to be a good year.&#8221;<\/strong> He added that <strong>growth is expected to remain strong<\/strong>, although <strong>unemployment has risen compared to last year<\/strong>.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/fed-chair-jerome-powell-announces-policy-shift\/#Statement_on_Bitcoin_Reserves\" title=\"Statement on Bitcoin Reserves\">Statement on Bitcoin Reserves<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/fed-chair-jerome-powell-announces-policy-shift\/#Markets_React_Negatively\" title=\"Markets React Negatively\">Markets React Negatively<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Statement_on_Bitcoin_Reserves\"><\/span>Statement on Bitcoin Reserves<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In response to a question about the <strong>FED holding Bitcoin reserves<\/strong>, Powell clarified, <strong>&#8220;The FED is not allowed to own Bitcoin, and we are not seeking a legislative change on this matter.&#8221;<\/strong> This statement indicates that the <strong>FED\u2019s stance toward cryptocurrencies remains unchanged<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Markets_React_Negatively\"><\/span>Markets React Negatively<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Powell&#8217;s comments triggered a negative reaction across financial markets:<\/p>\n<ul>\n<li><strong>Bitcoin<\/strong> fell <strong>4.5%<\/strong>, dropping to <strong>$101,500<\/strong>.<\/li>\n<li><strong>Gold<\/strong> declined by <strong>1.6%<\/strong>, trading at <strong>$2,602<\/strong>.<\/li>\n<li>The <strong>Nasdaq Index<\/strong> dropped <strong>2.3%<\/strong>, reaching <strong>21,450 points<\/strong>.<\/li>\n<\/ul>\n<p>These developments reflect <strong>persistent uncertainty in the markets<\/strong>, prompting investors to adopt a more <strong>cautious approach<\/strong>.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FED Chair Jerome Powell stated after the interest rate decision that the 25 basis point rate cut marks a step toward easing the tight monetary policy. He emphasized that inflation is nearing the 2% target, but achieving this goal may still take one or two more years. Powell expressed a positive outlook for the economy,<\/p>\n","protected":false},"author":28,"featured_media":32071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,657,2],"tags":[61,60,7058,640,2155,1180,5867,10243,577,2297],"class_list":["post-33737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-news","category-en","category-news","tag-bitcoin","tag-btc","tag-cryptocurrency-news","tag-fed","tag-gold","tag-inflation","tag-interest-rate","tag-market-reaction","tag-nasdaq","tag-powell"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FED Chair Jerome Powell Announces Policy Shift - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/fed-chair-jerome-powell-announces-policy-shift\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FED Chair Jerome Powell Announces Policy Shift - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"FED Chair Jerome Powell stated after the interest rate decision that the 25 basis point rate cut marks a step toward easing the tight monetary policy. 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