Yigit Taha OZTURK 
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, stating, “I expect 2025 to be a good year.” He added that growth is expected to remain strong, although unemployment has risen compared to last year.
Statement on Bitcoin Reserves
In response to a question about the FED holding Bitcoin reserves, Powell clarified, “The FED is not allowed to own Bitcoin, and we are not seeking a legislative change on this matter.” This statement indicates that the FED’s stance toward cryptocurrencies remains unchanged.
Markets React Negatively
Powell’s comments triggered a negative reaction across financial markets:
- Bitcoin fell 4.5%, dropping to $101,500.
- Gold declined by 1.6%, trading at $2,602.
- The Nasdaq Index dropped 2.3%, reaching 21,450 points.
These developments reflect persistent uncertainty in the markets, prompting investors to adopt a more cautious approach.
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