Yigit Taha OZTURK 
Federal Reserve (Fed) Chairman Jerome Powell made crucial remarks that the markets closely followed. Powell emphasized that the labor market remains strong, while inflation is approaching the 2% target but still remains high. The Fed Chair stated that they are in no rush to adjust interest rates and will carefully monitor the economy’s trajectory.
Powell highlighted that the unemployment rate has remained stable and low, indicating that the labor market is in good shape. While inflation has not yet reached the desired level, he acknowledged that progress is being made.
“We want to see further progress on inflation, but I see no reason to rush.”
Moreover, Powell noted that Fed policies are currently less restrictive compared to previous periods, adding that the focus will remain on long-term objectives.
Interest Rate Policy and Market Impact
Powell assured that the Fed will proceed cautiously with rate decisions and, for now, monetary expansion is not on the table. He stressed that interest rates are far from zero, making expansionary policies unnecessary at this stage.
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Additionally, Powell emphasized that the Fed does not control long-term interest rates, stating, “We are not in a recession.” His remarks aimed to reassure investors about the economy’s resilience.
Stablecoin Regulations and the Crypto Market
Powell announced that the Fed supports stablecoin regulations, a significant development for the crypto industry as it could provide more regulatory clarity.
Meanwhile, institutional players continue to make moves in the crypto market. Grayscale recently transferred $67.2 million worth of Bitcoin to Coinbase, a transaction that drew significant attention.
Fed and Governance Discussions
Powell refrained from commenting on tariff policies, while emphasizing that it is legally prohibited for the U.S. President to remove a Fed board member from office.
These statements have sparked reactions in both traditional and crypto markets. Powell’s messages and Fed policies continue to play a crucial role in shaping market expectations.
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